⚖️ Mixed Supply and Demand Amid Trading Volume Boom, and Risk Check - 2026.06.20

Hello, Bultagi.com fans! This is veteran team leader Goguma. In a hot market where the KOSPI is crossing the 9,000 mark, where does our Kiwoom Securities stand? Today, I'll calmly review the analyses gathered from our four Bultagi.com members.

🍠 Trading Volume Explosion and Mixed Supply and Demand

Yangpa views positively that the cumulative daily average trading volume in the second quarter increased to 89 trillion won, and exceeded 100 trillion won in June ^[1]. Funds circulating in the market create a favorable environment for Kiwoom Securities, a brokerage powerhouse. Danggeun focuses on supply and demand. Recently, institutional investors net bought Kiwoom Securities, injecting funds ^[4], but foreign investors showed a mixed move by listing it as a net sold stock ^[5].

⚖️ Risk Management and System Stability Under Scrutiny

Dotori analyzes this as a fundamental risk. JTBC declared default after failing to repay a 20.6 billion won securitized loan, and controversy over responsibility is arising as it is known that Kiwoom Securities managed and sold 15 billion won of this to retail investors.

In addition, Ddangkong points out the platform stability issue. On the morning of the 16th, when the KOSPI was booming over 9,000, a connection error occurred in the MTS, Youngwoongmoon S#, causing inconvenience to investors ^{[2] [6]}. It means their computing stamina is being put to the test due to the surge in trading volume.

Here, Yangpa and Ddangkong's views clash head-on. While Yangpa believes the macroeconomic tailwind of increased trading volume will drive earnings, Ddangkong counters tightly that frequent computer failures and concerns over a slowdown in market share could damage long-term platform competitiveness.

🎯 Sharp Market Diagnosis from a Research Powerhouse

The performance of our company's research center remains strong. Researcher Han Ji-young pointed out the concentration phenomenon where semiconductors account for 74% of KOSPI's operating profit and 60% of its market cap, analyzing that we should be wary of fatigue and profit-taking pressure from short-term surges ^{[3] [7]}. It is a deep diagnosis that although leading stocks have strong resilience, caution is needed due to concerns about them becoming meme stocks ^{[8] [9]}.

🤝 Goguma's Integrated View

Goguma integrates the opinions of the four regarding the current mixed situation as follows.

It is a time when the strengths of abundant market liquidity and research capabilities are highlighted simultaneously with the weaknesses of external bond defaults and internal MTS computer failures. The closing price on the 19th ended at 348,500 won (-0.57%), reflecting the market's concerns. In the current stock price trend, it can be seen that a bullish scenario reflecting a positive macro environment and a bearish scenario worrying about the emergence of internal risks coexist. Let's continue to watch with a balanced perspective!

📰 Reference News (9)

1

Stocks to Accumulate When Interest Rate Hike Concerns Are High [Weekend Money]

네이버뉴스 · 2026.06.20

📰 View original

2

KOSPI Booms Past 9,000, But Brokerage Apps Like Korea Investment & Securities Suffer Repeated Errors

네이버뉴스 · 2026.06.20

📰 View original

3

KOSPI Slips After Breaching 9,300... Warnings Emerge That 'Samsung & Hynix Have Become Meme Stocks'

네이버뉴스 · 2026.06.20

📰 View original

4

[Weekly KOSPI Institutions] Bought SK Hynix & Samsung Electronics, Sold Hanmi Semiconductor & Hyundai Motor

네이버뉴스 · 2026.06.20

📰 View original

5

[Weekly KOSPI Foreigners] Heavily Bought Samsung Electronics, SK Square, LG Innotek, Taihan Cable... Sold Samsung Electro-Mechanics & SK Hynix

네이버뉴스 · 2026.06.20

📰 View original

6

MTS Crashes Again Amid Market Boom... Brokerages' IT Infrastructure Put to the Test

네이버뉴스 · 2026.06.19

📰 View original

7

KOSPI Closes Lower on Foreign and Institutional Selling

네이버뉴스 · 2026.06.19

📰 View original

8

[Insight] [Jun 19 Market Insight] KOSPI Barely Defends 9,000... Samsung Electronics & SK Hynix Hit New Highs Again Today

네이버뉴스 · 2026.06.19

📰 View original

9

‘Hynix is Truly Peaking’ 3 Trillion Won Sold Off But Hits Another New High... Even ‘Meme Stock’ Warnings Issued [I Bought It]

네이버뉴스 · 2026.06.19

📰 View original