As South Korea's stock market continues to fall and volatility rises, past remarks by Hwang Hyun-hee, a former comedian turned investor, 46, are drawing renewed attention.
Hwang appeared on the YouTube channel 'Lee Hong-ryul TV' last July, stating, "It is right to give up on the idea of entering the stock market now."
When Lee asked how he would invest if he had 100 million won, Hwang analyzed, saying, "A market with high volatility, where prices rise 7% in a day and then fall 8%, is not a market for ordinary investors," adding, "Right now, it is a market for players skilled in short-term trading."
Regarding the stock market trend in the second half of the year, he predicted, "I cannot know the exact timing, but there is a possibility that voices will emerge from the U.S. around year-end or early next year asking, 'Isn't the AI bubble about to burst?' In that process, a correction phase may arrive."
He continued, "Currently, I am holding cash," and stated, "I am a cycle investor, so I only buy when prices have fallen more than 30% from their previous peak. Even if a knife is at my throat, I will not invest in the stock market now."
He also advised that studying the market is necessary before starting to invest.
He said, "Split 100 million won into five portions of 20 million won each, and first go to a bookstore," adding, "If you properly read just two books—André Kostolany's 'Money: Love It Hotly, Handle It Coldly' and Howard Marks's 'The Most Important Thing'—your perspective on the market will change."
Hwang debuted as a KBS 19th public recruitment comedian in 2004 and gained popularity through his appearances on 'Gag Concert.' He later majored in corporate economics at the Graduate School of Economics at Yonsei University. Based on his experience in real estate, stock, and virtual asset investment, he is currently active as a financial planning expert.
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