Today, Lee Jae-myung held hands with two major conglomerates and announced a 2000 trillion won capacity-expansion plan. Why did Samsung and SK Hynix fall instead?

Because these two are the ones paying. Today is a “paying money” day—stocks that pay out fell, while stocks that collect money rose.

After watching the press conference, I just have one feeling: expanding in big cities isn’t realistic. They’ll be competing with residents for electricity and fresh water, and complaints are already coming in constantly. On top of that, South Korea isn’t satisfied with only selling memory—they also want to build their own data centers. That means they can only push development toward the suburbs. In the future, their bottlenecks will be electricity and fresh water. (Electricity goes without saying; 70% of fresh water is used in purified wafer-process cleaning, and the rest is mainly for cooling. As liquid cooling becomes more widespread, usage in this area will decline.)

I’ve put together the concept stocks for everyone:

**Power infrastructure:**
Doosan Energy｜034020
KEPCO Technology｜052690
KEPCO KPS｜051600
LS Electric｜010120
Hyosung Heavy Industries｜003240
Korea Electric Power｜015760
SK E&S｜011790
SK이터닉스｜475150
Hanwha｜009830
LS Marine｜060370
Samsung SDI｜006400
Hyundai Engineering & Construction｜000720

**Fresh water infrastructure:**
Hanxing Clean Technology｜066980
Doosan Energy｜034020

They all surged today.

It’s the same for Japan as well. In the AI era, when you’re small but want to become a complete “full package,” you have inherent disadvantages. You can lay in positions in the corresponding sectors in advance.