South Korean Stocks Plunge Again — Are Memory Chip Fundamentals Really Deteriorating?

Value_investing
14:42

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South Korean stocks suffered another sharp sell-off today, with the KOSPI index falling more than 5.7%. The South Korean market has gone from a historic bull market into bear market territory in just one month, with the KOSPI falling from above 9,000 points to below 7,000.

Despite the market crash, the fundamentals of the memory chip industry remain intact. According to customs data, South Korea’s DRAM exports hit a record high of US$21.8 billion in June, representing a 384.9% year-over-year increase and a 17.4% month-over-month increase:

According to market research firm Gartner, Samsung Electronics ranked first in the DRAM market in Q1 2026, with a 35.9% shipment share, followed by SK hynix with 28.4% and Micron Technology with 20.9%. Together, these three companies accounted for 85.2% of the DRAM market. $CSOP Samsung Electronics Daily (2x) Leveraged Product(07747)$ $SK hynix(SKHY)$ $CSOP SK Hynix Daily (2x) Leveraged Product(07709)$ $Micron Technology(MU)$

South Korean NAND flash exports jumped to US$2.49 billion in June, soaring 300.5% year over year and 44.4% month over month, marking the second-highest level on record:

According to Gartner’s forecast, Samsung Electronics is projected to hold a 24.7% share of the global NAND market in Q1 2026, while SK hynix is projected to account for 20.8%. Together, Samsung Electronics and SK hynix are estimated to hold 45.5% of the global NAND market. Meanwhile, SanDisk and Micron Technology are expected to hold market shares of 11.8% and 12%, respectively. $SanDisk Corp.(SNDK)$

$iShares MSCI South Korea ETF(EWY)$ $Roundhill Memory ETF(DRAM)$ $TRMSCIKOREA(02848)$ $Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$

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