Part 1: The Big Game Changes

Chapter 1.
The prelude to the Great Rotation
From last place in 24 years to rebound in 25 years, the K-stock market's turnaround
/ The nature of the rally: Honeymoon or catch-up?
/ Pay attention to stock price rerating and multiple expansion.
/ The signal sent by the return of foreign capital
/ The pension fund has returned… .
It served as a great breakwater
Samsung Group Sells Real Estate, Buys Stocks
/ The main character is tightening again… .
Gangnam is blocked, and the stock market is open.
/ The Great Rotation Begins… Let's Take a Long View

Chapter 2.
Recent changes in exchange rates and global asset flows
The US dollar weakens, leading to a surge in gold and bitcoin.
/ Reorganization of the role of assets: Gold is a shield, Coin is a spear
Redefining Stablecoins and Reserves
The strengthening won is a catalyst for foreign buying.
/ The sensitive correlation between the exchange rate and the K-stock market
/ US-centric fund flows are now diversified
Trump still wants a weak dollar
/ Signals from US Treasury yields of 4-5%

Chapter 3.
Industries change, assets change.
From Manufacturing to Platform: Redefining Industrial Structure
Value and Growth: The New Center of Asset Allocation
Semiconductors, shipbuilding, and defense industries have emerged as strategic assets.
/ Industrial paradigm shift and capital market response

Chapter 4.
Korea's Big Tech: We Need to Grow It to Survive
/ Where does Korea stand in the AI ​​era?
/ AI transforming industrial structure: is it an opportunity or a crisis?
Platform Companies: A New Standard for Valuation
Data is a digital goldmine: The definition of asset is changing.
Let's make Korea's version of Big Tech grow hotly.

Part 2: K-Stock Market Opens New Horizons

Chapter 5.
Knocking on the Door to the KOSPI 3,000 Era
Breaking through the 2,650-2,700 level, a meaningful first step
/ A signal of domestic stock market restructuring
/ Finding Stock Rerating Ideas: The Market's Changing Perspective
/ The meaning of PER 10x and PBR 1.0x
/ Why Foreigners Focused on Hynix
/ Stock Market Strength: A Sign of Structural Change
/ The rebellion of marginalization by holding companies, low-PBR, Naver, and Kakao

Chapter 6.
Now, goodbye to the undervalued phase!
Second Gate: Expected to settle at 2,900-3,000
KOSPI Positioning Based on Global Valuation Comparison
Between Alpha and Beta: The Rediscovery of SK Hynix
/ Bank stocks heading for sell-out?
/ Will the escape from secondary batteries become a reality?
/ 2026 KOSPI Forecast: Baseline 3,500, Possible 4,000

Chapter 7.
Revision of the Commercial Act Changes the Market Structure
/ Will the reform of the governance structure really begin?
/ Is treasury stock cancellation the pinnacle of shareholder returns? A turning point in governance?
/ 3% Rule: The Road Not Taken
/ A physical division that causes a lot of talk and trouble
/ Is the end of 'double listings and split listings'?
Friction is inevitable, structural reform is long.

Part 3: K-Stock Market: Asking the 5,000 Conditions

Chapter 8.
Looking at the advanced countries' markets as a mirror
Similarities between the Japanese stock market revaluation and the Korean market
/ Learning from the success of the German stock market

Chapter 9.
Are the conditions met?
/ Unleash the MSCI Emerging Markets Shackles
/ What is the effect of inclusion in the MSCI developed country index?
Short Selling and Algorithmic Trading: The Key to a Transparent Market
/ Active stock price revaluation is a function of ROE and COE
Conditions for stock revaluation as seen through DuPont ROE analysis

Chapter 10.
Rebuilding the system is the answer.
/ Challenges to overcome the Korea discount
/ Effectiveness of amendments to the Commercial Act, stock cancellation, etc.
/ KOSDAQ's institutional repositioning
Between Autonomy and Regulation: The Transition to an Advanced Capital Market Model
/ What should Korea do to enter the global ranks?