South Korea Daily Briefing

Seeking Alpha's deep-dive analysis argues SK Hynix's High Bandwidth Memory order book is effectively committed through 2029, creating multi-year revenue visibility that the current valuation (even at a still-rich 5x forward P/E) arguably undervalues. The piece's contrarian framing — 'doesn't make sense at this valuation' — is actually a bullish tell: when analysts argue a stock is overvalued yet DRAM supply-demand math demands higher prices, the market tends to price the math, not the multiple.

Chosun Ilbo's Korean-language report on SK Hynix's nine-month 2026 financial results shows approximately 100 trillion KRW in revenue and 80 trillion KRW in gross profit through September — establishing this as one of the most profitable semiconductor cycles in the company's history. The 60 trillion KRW in shareholder returns reframes the investment case: this is now a capital-return story layered on top of the HBM growth thesis, which changes the denominator for yield-oriented institutional buyers.

Korea Economic Daily reports Horizon Energy is scaling its chemical recycling footprint in South Korea with a more than doubling of its plastic-to-oil conversion capacity. While not a KOSPI heavyweight mover, this is a read-through for the broader circular economy/ESG-linked industrial theme that POSCO Holdings and LG Chem are also positioning around. For ESG-mandated portfolios, this capacity expansion signals Korean industrial companies are building legitimate green-revenue streams.