Chairman Park Hyun-joo of Mirae Asset: "Invest in Innovative Companies from a Long-Term Perspective"

[Asia Economy Reporter Song Hwajeong] Park Hyun-joo, Chairman of Mirae Asset Financial Group, cited innovation as a key factor in investment.

Chairman Park emphasized this during the 'Investment Meeting with Chairman Park Hyun-joo' held on the Mirae Asset Daewoo YouTube channel 'Smart Money' on the 14th.

In his opening remarks, Chairman Park said, "The Korean stock market has surpassed 3000 points, and globally, 2021 seems to be an important turning point," adding, "I would like to discuss how we should view this from a long-term perspective."

In the session titled 'Session 1. Major Industry Trends, Cases of Innovative Companies, and Investment Outlook' revealed that day, prospects for IT, software, battery, and chemical sectors were discussed. Chairman Park shared in-depth opinions on related industries with Mirae Asset Daewoo’s research analysts. He also posed sharp questions about innovative industries such as semiconductors, cloud computing, electric vehicles, and autonomous vehicles.

Above all, Chairman Park stressed innovation. He said, "Despite market valuation issues, the positive aspect is that innovation is occurring," and added, "Mirae Asset views companies from a competitiveness perspective. While current problems are important, it is crucial to look at the future and take a long-term view."

He also stated, "Generally, companies are viewed as value stocks or growth stocks, but now we need to see companies as either innovative or non-innovative," emphasizing, "Growing industries are largely unaffected by economic cycles. It is necessary to look at them from a bottom-up perspective."

Ryu Young-ho, a researcher at Mirae Asset Daewoo who participated in the investment meeting, evaluated NVIDIA as the world's only company with a new market and growth, an appropriate combination of software and hardware, and an absolute ecosystem. He explained that attention should be paid to the edge computing market dominance through the ARM merger.

Regarding Samsung Electronics, he forecasted that it has entered a structural demand growth phase this year, with the impact of increased 5G smartphone adoption becoming full-fledged. Amid limited supply conditions, he expected the decline in DRAM prices to narrow ahead of structural demand and viewed the foundry business, which possesses both technological capability and capital capacity, as having a bright outlook.

Kim Su-jin, a researcher at Mirae Asset Daewoo, identified data and security as key themes for the software industry this year. She predicted that this year would see a surge in Q (traffic, IoT devices, number of users, etc.) in the software industry, and high growth in data and security industries closely related to Q.

Park Yeon-joo, a researcher at Mirae Asset Daewoo, forecasted that LG Chem would see an expansion of growth premiums and maintain a strong technological competitive edge in the global battery and chemical sectors. She also emphasized the need for a valuation reassessment following the spin-off.

This content was produced with the assistance of AI translation services.