00:02you're listening to AI prism from Seoul economic daily it's Monday August 10th
00:08here's why global investors are paying attention to Korea today Korea's markets
00:13just delivered a volatility story unlike anything since the financial crisis a
00:18hedge fund spectacular rise and fall is reshaping how Silicon Valley and Wall
00:23Street view AI infrastructure bets foreign investors are pulling back hard
00:28from Korean chips even as household borrowing costs climb on global
00:32tightening and the one just posted its wildest swings in over 15 years
00:38situational awareness the hedge fund run by 25 year old Leopold Aschenbrenner went
00:44from a 20 billion dollar AI infrastructure bet to a forced asset sale to Citadel
00:49within a single month even as Silicon Valley investors now court him for his
00:54private market picks Korean household loan rates have climbed even though the
00:58Bank of Korea has held its policy rate steady since May of last year as global
01:03bond yields rise and domestic lending caps tighten meanwhile the one's volatility
01:09this year has topped every year since the 2009 financial crisis situational
01:14awarenesses fund returned 439 percent through June then dropped 67 percent in
01:21July alone leaving it up roughly 80 percent for the year even after handing its
01:26public equity book to Citadel the fund still holds private stakes including an AI
01:31chipmaker source foundry where it invested a combined 500 million dollars and in a
01:37five billion dollar stake in anthropic Korea's average mortgage rate rose from
01:42three point eight seven percent to four point three six percent over the past year and unsecured
01:48lending rates rose from five point two one percent to five point seven two percent even as the 10-year
01:54US Treasury yield climbed from four point four percent to as high as four point seven percent foreign
02:01investors sold five point nine one eight three trillion won or roughly four point two billion dollars in
02:08Samsung Electronics and SK hynix shares in a single week pushing Samsung's foreign ownership down to
02:14forty six point six three percent from a two thousand twenty six high of fifty two point four zero percent
02:21the one swung an average of forty seven point zero won per month this year the widest since 2009
02:28after spiking to a high of one thousand five hundred fifty five point eight per dollar and then falling
02:35one hundred thirty nine point seven won over twenty five trading days to the low one thousand four
02:40hundreds Korea's July employment and household loan data due August 12th and 13th will show whether
02:48June's 26th straight month of declining youth employment continued so what does this mean for your Korea
02:54allocation this week earlier we said the one just posted its wildest swings in over 15 years
03:00that volatility itself is now a hedging cost investors need to price in separate from any directional call
03:07on Korean assets the foreign outflow from Samsung and SK hynix suggests some rotation risk in semiconductors
03:15even as the broader AI infrastructure story illustrated by situational awarenesses continued private bets stays intact
03:23and rising household borrowing costs despite a flat policy rate are a signal that Korea's credit
03:29conditions are tightening from outside forces not from the central bank itself that's today's AI prism
03:36global investors this episode was produced with AI assistance based on Seoul economic daily reporting
03:43and reviewed by a human editor AI prism is a won ifra award-winning series we'll be back tomorrow
03:50you've been listening to AI prism from Seoul economic daily
03:54you
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