Target Prices of 120,000 for Samsung Electronics and 500,000 for SK Hynix Emerge... Is the Semiconductor 'Supercycle' Becoming Reality? [3-Minute Brief]

[At a Glance]
① Samsung Electronics and SK Hynix hit record highs together
- Strong earnings, favorable supply-demand, and AI momentum align
② Four major financial groups expected to post 4.9 trillion won net profit in Q3
- Record annual earnings within reach
③ October rate freeze seen as a given
- November rate cut faces test amid real estate variables

MARKET INDEX

○New York Stock Exchange ends mixed amid US-China trade tensions and banks' 'surprise earnings'

○US Treasury responds to China's rare earth controls: "Joint response with allies"

○Optimism rises over corporate earnings due to strong performance from financial stocks

TOP 3 NEWS

■ Samsung Electronics at 120,000 won and SK Hynix at 500,000 won? Should you buy the semiconductor 'top two' now? [Practical Investment]

○Semiconductors driving KOSPI gains: Samsung Electronics at 90,000 won, SK Hynix at 430,000 won
○Expansion in big tech investment, rising DRAM prices, and increased foreign investor inflows
○Entering a supercycle vs. historically high valuations and trade tensions

■ "Strong performance in Q3 as well"... Four major financial groups forecast record annual earnings

○Q3 net profit of the four major financial holding companies nears 5 trillion won
○Profitability maintained despite slower growth in household loans
○Expected to set new record annual earnings, following the first half of the year

■ "Even the doves are shaking their heads at the real estate market"... Market attention shifts from October to November

○"The key is the effectiveness of additional measures"
○Housing market sensitivity rises ahead of local elections
○"A rate cut in the first half of next year will not be easy"

Graphic News: Full-scale discussion on introducing 'advisory shareholder proposals'... Stewardship code effectiveness under test

○"Current Commercial Act limits shareholder proposals"

○National Assembly also pushing for amendments to the Commercial Act

○"Advisory shareholder proposals are the key to strengthening substantive communication"

Money-Making Law

■ Law firms handle both 'export' and 'leakage' of technology

○Stricter regulations on exports lead to increased legal consultation
○Technology leakage cases are rising every year, prompting preemptive responses
○In 2024, 27 cases of technology leakage were referred to the police
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025101515025995640

■ Elliott arbitration award annulment lawsuit to be reheard December 2-4

○To be held at the UK Commercial Court; may proceed privately
○Substantive jurisdiction is at issue; Korea argues "Does not fall under ISDS"
○Will the principle of treaty interpretation, the 'Vienna Convention interpretation,' be maintained?
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025101515030698005

■When selling complex derivatives, risks must be clearly explained

○Decline in underlying asset value leads to reduced DLS maturity payments
○"KB Securities must sufficiently explain the risks" vs. "The risks were understandable"
○Court rules violation of duty to explain... Orders KB Securities to pay 830 million won in damages
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025101515031301929

※ 'Money-Making Law,' a content partnership section between Asia Economy and Law Times, is published every Tuesday and Thursday.

Today's Key Schedule

○Domestic

○International

01:10 US FOMC member Bostic speech

15:00 UK GDP (MoM) (August)

17:00 Italy Consumer Price Index (MoM) (September)

21:15 Canada Housing Starts (September)

21:30 US Philadelphia Fed Manufacturing Index (October)

21:30 US Producer Price Index (MoM) (September)

21:30 US Retail Sales (MoM) (September)

◇Weather at Lunch & Commute

○Lowest temperature: 17℃ (▲1℃) ｜Highest temperature: 23℃ (▼1℃)
○Precipitation probability: 60% in the morning｜30% in the afternoon
○Fine dust: Good in the morning｜Good in the afternoon

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