Park Hyun-joo, who recommended Tesla 5 years ago… What are the three growth industries he picked?

Park Hyun-joo, chairman of Mirae Asset Financial Group, appeared on YouTube. This is the first time that Chairman Park has communicated with the public such as investors through YouTube. As the’Donghak Ant Movement’, which has been blowing since last year, continues at the beginning of this year, Chairman Park, who is evaluated as the best investment strategist in Korea, is looking at the company and industry from a long-term perspective. He presented the investment philosophy of himself and Mirae Asset.

Since March 2018, Chairman Park has been serving as a’Global Investment Strategy Officer (GISO)’ to globalize Mirae Asset and discover global investment opportunities. Chairman Park, who has mainly stayed abroad and has been contemplating global business expansion and global investment opportunities, is known to have been planning a global strategy while staying in Korea due to the Corona 19 crisis last year.

In a video released through the Mirae Asset YouTube channel’Smart Money’ on the 14th, Chairman Park presented his point of view on three industries, semiconductor, cloud, and battery, which are expected to grow and innovate in earnest after this year. It is known that Mirae Asset has decided to release the video featuring Chairman Park to the outside in order to present the right direction to numerous domestic individual investors while the KOSPI is at an inflection point that repeats fluctuations based on 3150.

In his greeting, Chairman Park said, “It seems that the Korean stock market has exceeded 3000 and there are many different perspectives, and the global market is likely to be an important turning point in 2021,” he said. “I want to talk about how we should look at the long-term perspective.

Chairman Park diagnosed the semiconductor industry, including Samsung Electronics, and presented’Company competitiveness’ as the most important investment principle. He said, “I think flying cars will come first rather than self-driving cars,” he said. “One of the principles of future asset investment is to see companies from a competitive perspective.” He stressed, “The problem right now is also important, but it is important to see the future and see it from a long-term perspective.”

Chairman Park said that the source of corporate competitiveness lies in’innovation’, citing the part that Microsoft (MS) tried to innovate with the cloud that continues to grow in the long term. He said, “I don’t use the terms value stocks and growth stocks,” he said. “I divide it into an innovative company or a company that doesn’t.”

Specifically, I recalled the story of the acquisition of Daewoo Securities in December 2015. Chairman Park said, “After acquiring Daewoo Securities, in a media interview, he said that he would make Amazon, Tencent, and Tesla available to Korean investors,” he said. “That didn’t mean a stock, it meant investing in innovative companies.” Revealed. “At that time, Tesla’s market cap was around 50 to 60 trillion won, and he said, “Why is Tesla going down?” he said with a smile. “Many people didn’t understand Tesla’s innovation.”

It is important to change the world’s automobiles to electric vehicles, but he emphasized that the battery industry, which accounts for an absolute proportion of electric vehicle prices, should be watched as there is continuous innovation.

Chairman Park also appreciated the innovation of LG Chem, which is leading the global battery market. He said, “LG Chem started the battery business when Koo Bon-moo was present. I think it was a great foresight,” he said. “I am still innovating in the era of Chairman Koo Kwang-mo. It looks really good.”

“Tesla is a very innovative company, but it may be safer to invest in batteries now,” Park said. “Tesla is a very innovative company. “He said. It also raised questions about the traditional methods of evaluating innovative companies. Chairman Park explained, “The original innovating company has a high PER,” and said, “If the PER decreases, the stock price does not rise.”

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