Asked ‘Where to Invest $10,000’: “Water, Luxury Goods, and Korea”…Foreign Experts Say “Still Undervalued”
"Korea Is the Most Undervalued AI Investment"
Positive Outlook for Water and Luxury Goods Markets
Korean stocks are currently drawing attention as experts highlight them as attractive investment opportunities.
According to the U.S. financial media outlet Bloomberg, the company recently asked wealth management experts, "If you had $10,000 (about 13.4 million won), where would you invest?" The answers included water, luxury goods, and "Korea." Bloomberg is publishing a series of articles exploring expert advice for different investment amounts, such as "If you had $100,000" and "If you had $1 million."
On the 10th, an employee is monitoring the stock market and exchange rates in the dealing room at the headquarters of Hana Bank in Jung-gu, Seoul. Photo by Yonhap News
View original imageAmong the three investment themes chosen by wealth management professionals—water, luxury goods, and Korea—water and luxury goods reflect the market's outlook for future growth. Ian Harnett, a strategist at research firm Absolute Strategy, said, "By 2030, global water demand will exceed supply by 40%," emphasizing, "New water-related investments totaling $13 trillion will be needed by 2040, but only about half of this has been secured so far."
In the case of luxury goods, the market is broadening beyond expensive products such as bags, watches, and cars, expanding into "luxury experiences" like travel, wellness, and gourmet food.
Hot Picks Today
"Even New York Taxi Drivers Are Talking About the KOSPI; South Korean Market to Top 9,000 Again Within a Year"... 'Wall Street's Stock-Picking Ace' Names His Picks
- “Made 2 Billion Won in One Year in Prison,” PPP Lawmaker Retorts: “If You’re Jealous, Go There Yourself”
- "There's No Profit in Selling It"... Gimbap Disappearing from Menus
- “Washing Dishes and Folding Clothes 200 Times a Day”... China’s “Robot Trainers” Earn Up to 1.2 Million Won a Month
- "Shall We Grab a Drink?" KRW 30,000 a Round... Young Adults: "Prices Make My Hands Shake; I Can't Drink Out"
With regard to Korea, experts underscored that the domestic stock market is undervalued compared to the global artificial intelligence (AI) boom. Russ Koesterich, a strategist at asset manager BlackRock, said, "Korean conglomerates are direct beneficiaries of the insatiable semiconductor demand driven by AI, especially memory semiconductors," adding, "They are the picks and shovels of the AI gold rush. Korean stocks are exceptionally cheap within current AI-related investment flows."
He pointed out that even after stock prices have cooled, company earnings remain solid, saying, "Extreme volatility has, in fact, created opportunities." He emphasized, "For investors able to withstand volatility, Korean stocks could be the most affordable way to gain exposure to AI investments."
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
