From Korea's Chosun Daily, February 20, 2026:
Top Analyst Predicts 2027 Bubble Rally Driven by Liquidity Surge
LS Securities director highlights 500 trillion won treasury purchases, Trump's AI initiative, and semiconductor/robot stocks as catalysts
“Bubbles are dangerous, but for the prepared, they are a once-in-a-lifetime opportunity. Do not jump on the last train when everyone says they made money; you must ride the wave of liquidity starting now.”
Yeom Seung-hwan, director of the Retail Business Division at LS Securities and one of South Korea’s top market analysts, highlighted ‘liquidity’ and ‘bubble’ as the key keywords that will define the market at the ‘2026 Korea Wealth Management Expo’ held in December 2025. He diagnosed that the current market has entered a preheating phase for an explosive bubble rally and presented specific strategies for investors to ride this massive wave.
Director Yeom emphasized that the scale of money being injected into the market today is unprecedented. He analyzed, “Recently, JP Morgan withdrew funds from the Federal Reserve and purchased treasury bonds worth approximately 500 trillion Korean won, and other banks are likely to follow. The government is printing money, banks are buying bonds, causing interest rates to plummet and a bubble mechanism to activate.”
Adding fuel to this is President Trump’s announced state-led AI war plan, the ‘Genesis Mission.’ Like the ‘Manhattan Project,’ which developed the atomic bomb, this initiative aims to secure AI dominance by pouring massive budgets. Yeom explained, “Liquidity (fuel) is sufficient, government policies (air) are favorable, and AI (spark) is igniting. These four conditions will combine to create an explosive bubble rally around 2027.”....
....MUCH MORE
With this one caveat:
However, he warned about signals marking the end of the bubble. He cited SpaceX’s scheduled listing in the second half of 2026 as the biggest variable. “If a giant dinosaur worth approximately 1,400 trillion to 1,500 trillion Korean won goes public, it could become a black hole sucking up all market liquidity.
Here's a year of Korea's KOSPI Index:
5808.53 at the close on February 19, 8,397.44KRW +212.14 (+2.59%) last I saw. As can be seen, the index was already moving before Mr. Yeom made the comment (just over a triple for the twelve months to today, +211%) but he had also been pitching the long side prior to February.
November 24, 2025 - LS Securities Director Highlights Semiconductor PERs, 2026 Market Stars
And November 27, 2025 -
...Yeom Seung-hwan, director of LS Securities' retail division, who gave a lecture under the theme of "The main character who will turn the Korean stock market upside down in 2026," predicted that although the volatility of the stock market will expand slightly by the end of this year, the rise led by the artificial intelligence (AI) value chain will continue next year.
Director Yeom said, "As AI is a winner-take-all structure and is directly related to security, there is an unstoppable race for the lead by company and country," adding, "Korean semiconductor companies will benefit from the huge investment in the global AI war involving Google and OpenAI." Regarding the AI bubble theory, which has recently raised market concerns, it is predicted that it will be relatively safe until next year when the rate cut cycle continues....
