Investment Strategy Brief — 2026-06-24
Domestic listed companies averaged a lackluster 50.1 in shareholder friendliness, while semiconductor and gaming firms are accelerating global expansion under new leadership. Recent analysis highlights bullish ratings for next-gen substrate firms and strategic restructuring within the gaming industry.
Investment Strategy Summary — 2026-06-24
Large-Cap and Key Holdings Report
Samsung Electro-Mechanics — Leading in Next-Gen Substrates
Analyst Kim Jong-bae from Hyundai Motor Securities suggests that Samsung Electro-Mechanics deserves a premium valuation due to its competitive edge in next-gen substrates and silicon capacitors. With a target price of 2.8 million KRW, the "buy" rating remains in place. Despite recent stock price adjustments, the company’s long-term growth potential based on its technical prowess is being recognized.
Semiconductor Sector — Korea Investment & Securities Maintains "Overweight"
On June 22, Korea Investment & Securities maintained an "Overweight" rating on the semiconductor sector, noting that the performance of the Korean semiconductor industry continues to trend upward. Analyst Kim Dae-jun emphasized that now is not the time to worry about a slowdown in the sector's growth.
Hanon Systems — Securing Global Thermal Management Tech
As of June 2026, Hanon Systems holds a significant position in the global automotive thermal management market thanks to its unrivaled technology, and its long-term competitiveness is being highly regarded.
Weak Shareholder Friendliness Metrics
The average shareholder friendliness score for domestic listed companies remains at just 50.1 out of 100. Even with the KOSPI surpassing the 9,000 mark—nearly tripling from the 3,000 range just a year ago—corporate efforts toward shareholder returns remain insufficient.
Gaming and IT Sector Strategy
Kakao Games — New Leadership and M&A Drive
Following strategic investment from LY Corporation, Kakao Games has officially launched a co-CEO system featuring Kim Tae-hwan and Lee Si-woo. The new leadership, bolstered by dealmakers from Nexon, is focusing on major business expansion now that financial stabilization has been achieved. The company maintains its position that any merger with Line Games remains "undecided."
Krafton — Unveiling 5 New Titles at Gamescom 2026
Krafton is accelerating its global market penetration by unveiling 5 new titles, including new IPs and publishing projects, at the world's largest gaming event, 'Gamescom 2026.' The company is building a diverse portfolio by combining self-developed titles with second-party publishing.
Bio and Pharmaceutical Sector
ViGenCell — Expanding Global Partnerships
ViGenCell, a company specializing in new drug development, attended the BIO International Convention 2026 (June 22–25, San Diego, USA) to explore global partnership opportunities for projects like 'VC101.' Their participation in the world's largest bio-partnering event signals an expansion of international clinical cooperation.
Comprehensive Investment Outlook
The current domestic stock market is characterized by semiconductor strength among large-caps and the restructuring achievements of gaming companies.
Positive Signals:
- Continued upward trend in semiconductor sector performance (Korea Investment & Securities maintains "Overweight")
- Visible business expansion driven by M&A efforts from new gaming company leadership
- Stronger recognition of technical capabilities for next-gen substrate firms (Samsung Electro-Mechanics target price 2.8 million KRW)
- Expansion of global bio partnerships
Precautions:
- Shareholder friendliness score of 50.1 indicates a lack of corporate dividends/returns
- Stagnation in the unlisted stock market (K-OTC) — liquidity remains concentrated in large-cap stocks
Investment Strategy: Focus on companies with technical advantages in the semiconductor and gaming sectors and mid-caps with proven global growth potential. However, it is necessary to monitor whether these companies strengthen their shareholder-friendly policies.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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