Singapore Temasek, one of the largest sovereign wealth funds in Asia, is making a new investment in Samsung Electronics and SK Hynix. This marks Temasek's first foray into investing in the Korean stock market.
According to related government agencies on the 12th, Temasek recently decided to invest in Samsung Electronics and SK Hynix and contacted the Korean government to explore the timing of investment execution.
The investment method is said to be direct investment through internal personnel rather than entrusting asset management to external asset managers. A financial authority official said, "As the stock prices of Samsung Electronics and SK Hynix have shown extreme volatility recently in the wake of the government's allowance of single-stock leverage exchange-traded funds (ETFs), Temasek is believed to have contacted us to explore the timing of fund execution." This marks Temasek's first investment in the Korean stock market.
Temasek is said to believe that the memory semiconductor sector, a part of the artificial intelligence (AI) value chain, is the most undervalued. An investment banking (IB) industry official said, "Temasek has an investment style of injecting large capital into industries that lead the market from a long-term perspective," and added, "Despite the fact that Samsung Hynix rose by more than 880% from its low last year, Temasek's move shows their confidence that it will rise further."
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https://n.news.naver.com/article/277/0005802104?sid=101
