00:02SK Hynix is worth 87.1% of Samsung Electronics again, one month after it was worth more.
00:11Since the June 25th record high, the KOSPI is down 24.4%, Samsung 29.1%, and SK Hynix 37.7%.
00:23Brokerage margin deposits at the Korea Exchange hit 25.76 trillion won in the first quarter, $17.5 billion, up
00:34144.4% in a year.
00:39The won at 1,468.5 split Seoul's U.S. index funds in two,
00:46and LG InnoTech just posted 245.8 billion won in quarterly operating profit, $167 million, 21 times last year.
01:00It's Tuesday, July 28th. Here's what investors are watching in Korea today.
01:06Global semiconductor shares have been correcting since late June, and Korea's two memory names took the worst of it.
01:13The won strengthened at the same time, moving from $1,555.8 to $1,468.5, against the dollar in
01:25a matter of weeks.
01:26Both landed in the same week that SK Hynix, Samsung, Microsoft, Amazon, Apple, and the Federal Reserve all report.
01:35Here's what the numbers show. 429.4 trillion won, about $292 billion, is SK Hynix's market value as of Monday,
01:47against Samsung at 492.6 trillion won, or $335 billion.
01:55That ratio was 100.7% on June 22nd, and 64.8% at the start of the year.
02:04The Korea Exchange took in 25.76 trillion won in brokerage margin deposits in the first quarter,
02:13up 144.4% from 10.54 trillion won, $7.2 billion, a year earlier.
02:22The won closed at $1,468.5 to the dollar on Monday, down 5.61% from this month's peak
02:32of $1,555.8.
02:35The hedged S&P 500 tracker in Seoul returned plus 0.29% in July, against minus 4.17%
02:46unhedged.
02:47And on the NASDAQ 100, the split was minus 4.57% versus minus 9.39%.
02:57LG InnoTech posted 245.8 billion won in second quarter operating profit,
03:04against 11.3 billion won, $7.7 million, a year ago, on record second quarter revenue of 5.54 trillion
03:15won, or $3.8 billion.
03:18So, what does this mean for anyone tracking Korea from the outside?
03:22Earlier, we said SK Hynix is worth 87.1% of Samsung again, one month after it was worth more.
03:30Here's what that actually means for you.
03:33Korea's index has become a leveraged position on the global memory cycle,
03:38and this week decides which way that position settles.
03:42SK Hynix reports second quarter results on July 29th.
03:46Samsung Electronics, Microsoft, and the Federal Reserve's rate decision all land on July 30th.
03:54The U.S. July Jobs Report follows on August 7th.
03:58That's today's AI Prism, Securities Daily.
04:01This episode was produced with AI assistance based on sole economic daily reporting and reviewed by a human editor.
04:09AI Prism is a Juan IFRA award-winning series.
04:12We'll be back tomorrow.
