A Research OS breakdown of 2026 YTD Korean foreign-investor activity shows that KOSPI foreign attention is concentrated in 168 names and KOSDAQ in 355 names. The practical MSCI DM-upgrade question is not whether foreigners buy Korea broadly, but which Korean stocks are already in the foreign-investor playbook.
A follow-up to the NAVER rerating case: Alipay AI Pay's 300 million transactions and Alibaba.com's Accio Work Korea launch matter less as a direct attack on Korean consumer e-commerce, and more as a threat to seller workflows and agentic payment trust layers.
A sum-of-the-parts and flow-driven look at whether NAVER's KRW 36.7T market cap prices in KRW 8T Dunamu-combined cash/BTC, a KRW 3T Mirae Asset Securities stake, AI cloud, stablecoin, and global C2C turnaround optionality.
A two-month review of the strongest US non-semiconductor re-rating themes, from quantum and fuel cells to AI software, stablecoin rails and space-defense, then translated into Korean equities such as NHN KCP, Douzone Bizon, Hanwha Systems, Semyung Electric, LG CNS and NAVER.
A Korea-listed equity map for the spillover from Hong Kong and China LLM scarcity into NAVER, Samsung SDS, LG CNS, SK Telecom, SK Inc., SK Networks, and private Upstage.
BCA Research argues that the AI bubble is not a valuation bubble but an earnings bubble. In an earnings bubble, the share price falls well before earnings estimates are cut. So precisely now, with capital crowding into AI infrastructure, it matters more to read system structure and leading indicators directly through deep-dive research rather than wait on consensus estimates. This note lays out that methodology plainly, through Thesis OS and our blog's actual work.
A Korea AI-storage read-through comparing FADU, Sandisk, Jeju Semiconductor and Western Digital across price beta, foreign flows, eSSD controllers and NAND scarcity.
A relative-value comparison of SK Hynix and Micron across HBM leadership, U.S. AI-memory scarcity premium, Vera Rubin HBM4, SOCAMM2 and Gen6 SSD narratives.
A relative-value note on why SK Hynix's forward P/E has moved above Samsung Electronics, and why Samsung's HBM4E catch-up may now be the cleaner alpha.
Goldman Sachs sees AI agents lifting token usage 24x by 2030 while cost per token falls 60-70% per year. J.P. Morgan sees the year-over-year gains in DRAM and NAND ASP rolling over from 2027. Split the two seemingly opposed calls into P, Q and C, and one coherent path emerges: alpha rotating out of 2026 memory beta and into a post-2027 token-cost-reduction stack.