Mirae Asset Gets Zero SpaceX Shares as Goldman Cuts Allocation Minutes Before Open

2026년 6월 15일 (월) Page 1 Unboxing [ON AIR Seoul Economic Daily]

*Editor's Note: 'AI PRISM' (Personalized Report & Insight Summarizing Media) is an 'AI-based customized news recommendation and summarization service' developed with support from the Korea Press Foundation. It selects and provides six customized news items by reader type.

1. Goldman's Last-Minute Unilateral Notice... Korean Brokerages Were 'Frogs in a Well'

- Key Summary: Mirae Asset Securities (006800) attracted 500 million dollars (about 760 billion won) in margin for the SpaceX IPO but received unilateral notice from Goldman Sachs just before the U.S. market opened that its entire allocated volume would be cut. Critics point out that Mirae Asset, ranked only as a "general competition" tier under the global IB's client grading system, pursued aggressive marketing without secured volume, which was the root of the trouble. While Japan received volume worth 2.2 billion dollars (about 3.35 trillion won), Korea was allocated not a single share, starkly exposing the gap in stature within Asia. With foreign exchange losses alone reaching 20 billion won and institutional investors also bearing loan interest, discussions over who is responsible continue in brokerage circles.

2. Korea-China OLED Technology Gap 1-2 Years... "Reversal Possible if R&D Support Delayed"

- Key Summary: According to a report by the Institute for International Economic Studies of the Export-Import Bank of Korea, Korea's global OLED market share fell from 87.3% in 2020 to 68.7% in 2025, while China surged from 12.1% to 31.2% over the same period. The Korea-China technology gap for OLED for IT devices was reassessed to have narrowed from the previous three to four years to one to two years, and China's BOE also plans to begin operating an 8.6-generation OLED production line from the third quarter. While LG Display (034220) holds the world's largest number of tandem OLED patent applications at 348, a warning has been raised that the country could completely hand over leadership in the display industry to China if government R&D support is delayed. With the number of original patents emerging as a key competitive variable in the OLED market, which is shifting to an order-based business structure, attention is focused on the technology defense strategies of LG Display and Samsung Display.

3. "AI Infrastructure Investment Cycle at Least 3 Years... Current Correction Is an Opportunity"

- Key Summary: Jang Hyun-jun, head of equity management at Samsung Asset Management, said the AI infrastructure investment cycle will last at least three years, assessing the current correction as a healthy breather. The 'Samsung U.S. AI Infrastructure Fund' he manages is posting a return of about 110% since its inception, and has grown to 25.5 billion won in net assets through a management approach combining ETFs and individual stocks. The AI market has gone through cycles of repeating demand expectations, earnings confirmation and profitability concerns, and the outlook is that upcoming earnings releases will substantially resolve current funding concerns. The analysis is that with the expansion of three-to-five-year long-term agreements (LTAs), there is upside potential for Samsung Electronics (005930) to a target price of 410,000 won and SK hynix (000660) to 2.85 million won.

4. "Robots Cannot Be Seen as Leading Stocks... AI Companion Keeping Pace with Semiconductors and Batteries"

- Key Summary: Yeom Seung-hwan, director at LS Securities (078020), analyzed that semiconductors are the top leading stock with all of earnings, liquidity, storytelling and ETF commercialization potential, while robots should be seen not as an independent theme but as a "companion sector" of the AI cycle. He explained that robots remain a co-growth industry following semiconductor and secondary battery rallies, as their earnings and market capitalization are not sufficient for ETF commercialization. However, in the case of Hyundai Motor Group, attention from brokerage circles is focused, as Kia's PER stands at an undervalued 7.6 times and Hyundai Mobis could see its core component supply issue coincide with the group's governance restructuring. With combined big tech investment reaching 1,000 trillion won this year, the diagnosis is that the KOSPI has upside potential to 10,216 when applying its 30-year average PER (9.8 times).

5. Samsung Electro-Mechanics Sells 'Silicon Caps' Bundled to Big Tech

- Key Summary: Samsung Electro-Mechanics is accelerating its efforts to secure global big tech clients through a bundling strategy that supplies FC-BGA substrates together with MLCC and silicon capacitors (Si-Cap). The 1.557 trillion won Si-Cap supply contract signed last month is the first major achievement of this strategy, and the assessment is that the system in which package solution and MLCC personnel approach big tech sales as one team is proving effective. With only three companies—Samsung Electro-Mechanics, TSMC and Murata—currently able to supply Si-Cap, an oligopoly structure has formed, and the industry expects discussions on additional orders for Samsung Electro-Mechanics to proceed rapidly within the next three to six months. The analysis is that structural benefits will continue as demand for high-voltage, large-capacity MLCC and ultra-thin Si-Cap expands together with rising AI chip demand.

6. Consumption Recovery and Strong Yuan... K-Fashion's 'China Boom'

- Key Summary: With China's apparel retail sales rising 8.3% year-on-year in January-April this year, far exceeding the growth rate of total consumer goods retail sales (1.9%), domestic fashion companies with high China business exposure are riding a wave of improving earnings. F&F's China subsidiary posted first-quarter sales of 303 billion won, up 17.2% year-on-year, while Misto Holdings' Fila China division grew 16% and its new business division grew 21.3%. This month, the won-yuan exchange rate broke through 228 won, with the yuan's strength acting as an additional tailwind for earnings improvement. Eugene Investment & Securities (001200) forecasts that F&F's China sales this year will reach 1.031 trillion won, up 7.4% from the previous year, with experts viewing that the growth of fashion companies' China business will continue for the time being.