00:02You're listening to AI Prism, from Seoul Economic Daily.
00:06Three numbers before the open.
00:12$950 billion, 24.1%, and $2.6 billion.
00:20Samsung and SK signed AI chip and memory agreements worth $950 billion combined.
00:31Non-performing loans at Korea's four largest banks rose 24.1% in six months.
00:38Korean retail investors net bought $2.6 billion of U.S. stocks this month, four times June's pace.
00:47Two Korean markets are trading at once, and only one of them is semiconductors.
00:53It's Monday, July 27th. Here's what today's story could mean for the Korean market.
01:00Korean chip makers converted one-year memory contracts into multi-year supply agreements at last week's San Francisco AI Summit.
01:09At the same time, Brent crude at $100.69 and a three-year Treasury yield of 3.959% raised
01:20funding costs for everyone outside that trade.
01:23The split is now visible in bank asset quality, in household delinquency at a 10-year high of 0.33%,
01:32and in where retail money is going.
01:34Here's what the numbers show.
01:37Samsung Electronics signed a $200 billion memorandum with Broadcom running to 2030, covering HBM supply, sub-2 nanometer foundry work,
01:49and advanced packaging.
01:51SK Group committed $750 billion across AI infrastructure, including more than $500 billion with NVIDIA for HBM4 long-term supply.
02:05Non-performing loans at the four major banks reached 5.64 trillion won, about $3.85 billion, up 24.1
02:16% in six months.
02:18NPL coverage fell to 146.0% from 172.0% at the end of last year because provisions grew
02:29only 1.9%.
02:31Korean investors net bought $2.60 billion of U.S. stocks in the first 24 days of July, four times
02:41June's total.
02:42Bain Capital's exit leaves SK Hynix's investment vehicle holding 14% of Kyoxia, second to Toshiba's 15.1%, pending antitrust
02:54clearance in several jurisdictions.
02:56So, what does this mean for active traders in Korea?
03:00Earlier, we said two Korean markets are trading at once.
03:04Here's what that actually means for you.
03:06The semiconductor complex is being repriced on five-year contracts, while bank credit metrics are deteriorating faster than provisions are
03:15being built.
03:16That is a divergence in fundamentals, rather than a call on direction, and the same index carries both sides of
03:23it.
03:24Watch Wednesday, July 29th, the last order date for U.S. stock sales to settle inside the 80% return
03:32-to-market deduction.
03:33Watch next month's Bank of Korea decision, after this month's hike to 2.75%.
03:39Watch second-quarter provisioning at the four major banks, where average coverage now stands at 146.0%.
03:50That's today's AI Prism, Stock Investors.
03:53This episode was produced with AI assistance based on Seoul Economic Daily reporting and reviewed by a human editor.
04:01AI Prism is a Juan Ifra Award-winning series.
04:06We'll be back tomorrow.
04:07You've been listening to AI Prism from Seoul Economic Daily.
댓글