00:02You're listening to AI Prism from Seoul Economic Daily.
00:06Foreign investors have just sold Korean equities for 10 straight sessions,
00:11dumping over $4 trillion, roughly $2.6 billion U.S. dollars on Thursday alone,
00:17ultimately pushing the one to its absolute weakest level since March 2009.
00:21So does this massive sustained outflow mean you should trim your Korea weightings?
00:25And, you know, exactly how does the growing AI over-investment debate alter the country's risk premium?
00:31It's Friday, July 3. Here's why global investors are paying attention to Korea today.
00:35Well, foreign investors actually net sold 10 consecutive sessions of hashtag co-SPI shares.
00:41Yeah, $4 trillion, which is roughly $2.6 billion U.S. dollars, rapidly exited the main board Thursday.
00:46Exactly. And the one closed at an incredibly brutal $1,555.8 per U.S. dollar.
00:52Though Vice Finance Minister Heo-Jane's stabilization pledge and suspected Tokyo intervention
00:57pulled the one back to $1,548 in night trading.
01:01Right. But the broader AI repricing across global markets heavily strained the Korean currency today.
01:06Oracle just guided their fiscal 2027 capital spending to a massive $90 to $95 billion U.S. dollars.
01:12And Meta concurrently projected up to $145 billion U.S. dollars in its own capital spending this year.
01:18Honestly, $145 billion in hyperscaler spending acts exactly like building an expensive superhighway
01:25before the physical cars actually arrived today.
01:27But, you know, 363% growth in Oracle's remaining performance obligations
01:32completely challenges this sudden demand downturn narrative right now.
01:35Right. So expanding Korean ship exports directly contradict a structural AI downturn today?
01:41Exactly. And looking at the supply chain, Almonte Industries just restarted the Sangdong mine,
01:46targeting 2,600 tons of highly critical tungsten.
01:49Oh, wow. 2,600 tons of locally-sourced tungsten directly supplies advanced AI semiconductor manufacturing
01:55without relying on unstable foreign supply chains.
01:58Yep. And Samsung Electromechanics firmly committed $319.1 billion,
02:02won roughly $205 million U.S. dollars,
02:05for a 66% stake in the glass substrate venture, GlassSim.
02:09Right. 66% ownership in a glass substrate venture further insulates Korea's vital tech ecosystem
02:14against future structural shocks.
02:16So we're seeing severe currency strain driven by massive equity selling,
02:21yet the underlying AI fundamentals like, you know, hyperscaler revenue backlogs
02:26and huge physical investments in tungsten and glass substrates seem structurally solid.
02:31How do you reconcile this panic with the actual data to determine your next move?
02:35The 10-session foreign selling streak on the hashtag KOSPI dictates the one's weakness.
02:40Making daily equity flows your primary signal for trimming or raising Korea exposure.
02:45Oracle and Meta shift the market's focus to monetization speed.
02:48But, you know, firm Korean ship export growth indicates an intact AI cycle rather than a structural
02:53demand downturn.
02:55Right.
02:55Therefore, while the country risk premium faces short-term currency volatility,
02:59Korea's rising supply chain relevance in tungsten and glass substrates increases its long-term
03:03strategic valuation.
03:04Before we wrap up, there is one fascinating new metric to watch as you evaluate this AI
03:09superhighway.
03:10CME Group's planned compute futures launching this year will provide the first exchange-traded
03:15price signal for AI capacity, giving you a, like, totally fresh lens to measure if hyperscaler
03:20spending truly matches real-world demand.
03:22That's today's AI Prism Global Investors.
03:25This episode was produced with AI assistants based on sole economic daily reporting and reviewed
03:29by a human editor.
03:30AI Prism is a one-ifra award-winning series.
03:33We'll be back tomorrow.
03:34You've been listening to AI Prism from sole economic daily.
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