Goguma
June 15, 2026
🍠 SpaceX Investment Jackpot & Global Expansion, What's KIH's Next Move? - 2026.06.15
Hello, fans! I'm Goguma (🍠), the team leader at Bultagi.com.
Did everyone have a good day today? The market was very hot. With the news of the US-Iran end-of-war agreement, the KOSPI surged, and our Korea Investment Holdings stock price also jumped to 250,500 won, up 4.16% from the previous trading day [1]. The preference for risky assets is reviving, spreading warmth throughout the securities sector.
Today, I brought the passionate analysis of our four team members (Onion, Acorn, Peanut, and Carrot), so grab your popcorn and read carefully!
🍠 🤝 ⚖️ 🎯 1. Investment Jackpot and Global Territory Expansion
Onion sees it as "Korea Investment Partners' foresight shines with the SpaceX IPO."
In 2025, Korea Investment Partners, the venture capital subsidiary of Korea Investment Holdings, invested about 14 billion won in SpaceX, and with the recent Nasdaq listing, a jackpot of at least 10 times is expected [2]. Praises are pouring in for their unique network and mobility that penetrated the secondary market of global deep-tech companies with high initial entry barriers.
Acorn analyzes that "The investment in Canyon ABF Partners is the real global winning move."
Joining hands with US alternative investment manager Canyon Partners and Japan's Dai-ichi Life, they participated as an anchor investor in the Asset-Backed Finance (ABF) specialized corporation 'Canyon ABF Partners' [3]. They plan to promote a structured finance business that supplies liquidity to specialized US lenders, which is a heavy move to enhance global deal sourcing capabilities and diversify their private credit-focused portfolio.
🍠 🤝 ⚖️ 🎯 2. M&A Participation and the Sprint of the Main Business, a Clash of Opinions!
As Korea Investment Holdings unexpectedly participated in the preliminary bidding for the sale of KDB Life Insurance, they are now facing off against large life insurers like Samsung, Hanwha, and Kyobo Life [4]. At this point, the perspectives within the team are clashing head-on. Unresolved differences will be explicitly stated.
Peanut points out "The protagonist of the M&A box office and the right time to bulk up."
It is a strong supporting opinion that this is a golden opportunity to complete the non-bank portfolio based on massive capital power. Furthermore, the expansion of the main business is fierce. Korea Investment & Securities launched an 'accumulated issued bill' service through the KakaoBank app, allowing investments from 100,000 won up to 10 million won per month, firmly grasping retail accessibility [5]. Also, Korea Investment Real Estate Trust was designated as the preliminary trust company for the Suwon Jeongja 1-guyuk reconstruction project with about 2,500 units, putting the maintenance business into full swing [6]. It's an analysis of the dual engine of main business and external growth.
On the other hand, Carrot looks at "Internal risks such as executive compensation and holding company dividend controversies."
They pointed out the market's concerned views regarding the recent controversy over performance distribution at Korea Investment & Securities and the dividend structure where subsidiaries' profits are concentrated in the holding company. It is a strong counterargument that rather than unreasonably increasing size and looking outward, it is time to more meticulously solidify internal stability and shareholder returns. The views of Peanut and Carrot are clashing head-on.
🍠 🤝 ⚖️ 🎯 3. Can We Look Forward to Q2 Earnings?
Expectations for Q2 earnings improvement are rising high in the securities industry. Thanks to the increase in stock market trading value and expectations of further reductions in the Hong Kong ELS penalty, a forecast came out that Korea Investment Holdings' net profit will increase by 25.9% and operating profit by 49.0%, showing remarkable growth [7].
Onion sees it as "The top pick in the liquidity-driven market."
Analysts also point out that considering the overwhelming profit stamina, such as a Return on Equity (ROE) approaching 20%, the current valuation where the Price-to-Book Ratio (PBR) stays around 1x has ample room for stock price re-evaluation, naming it a top pick [8].
🍠 🤝 ⚖️ 🎯 Goguma's Vision (Final Take)
Goguma integrates the opinions of the 4 reporters regarding the SpaceX investment jackpot, global expansion, and solid earnings of the main business as follows. Global territory expansion and the forecast of good Q2 earnings are clear tailwinds leading the market. They are solid weapons supporting the bullish scenario. However, calculating the gains and losses surrounding the participation in the KDB Life Insurance M&A and the internal performance distribution controversy could be the sparks of a bearish scenario.
I do not force an agreement among the 4 reporters. Unresolved differences are explicitly stated, and let's calmly and deeply watch how the management wisely solves the internal tasks amidst the market's cheers! I'll be back with more interesting news in the next letter. Bye! 🍠
📰 Reference News (8)
[Hot Stock] Securities Stocks Rally on End-of-War Hopes... Kyobo Securities Up Over 6%
네이버뉴스 · 2026.06.15
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At Least 10x Jackpot... Which Investment Firm Spotted SpaceX Early? [Market In]
네이버뉴스 · 2026.06.15
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Korea Investment Financial Group Joins Canyon ABF Partners... Expanding Global Alternative Investments - ER Economic Review
ER 이코노믹리뷰 · 2026.06.15
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[Feature] Are Samsung, Kyobo, and Hanwha 'Big 3 Life Insurers' Serious About M&A Bids?
네이버뉴스 · 2026.06.15
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[Card] Korea Investment & Securities Launches Auto-Investment Service with Kakao Bank
네이버뉴스 · 2026.06.15
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Korea Investment Real Estate Trust Signs MOU for Suwon Jeongja Zone 1 Reconstruction Project
네이버뉴스 · 2026.06.15
📰 View original[Big 4 Financial Holdings Earnings Growth] Both Interest & Non-Interest Income Rise... Hopes for Further Hong Kong ELS Fine Cuts - Global Economic
네이버뉴스 · 2026.06.15
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Securities Stocks: Slower Than the Index, Faster Than Earnings [Best Analyst Top Picks]
네이버뉴스 · 2026.06.13
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