M&A announcement signaled

Park told an audience that a formal M&A announcement is imminent, without disclosing the target or deal size. He framed the move as part of the group's efforts to strengthen its positioning in strategic industries, including semiconductors and related technology fields. No further details on the transaction were provided in his remarks, and the scope of any deal remains unconfirmed.

Skepticism toward the semiconductor peak thesis

Park also addressed the debate over whether the semiconductor industry has reached a cyclical high, saying the peak argument is "likely wrong." His comment pushes back against concerns that the current chip upcycle — driven largely by demand for AI computing power — may soon cool.

The chairman's stance aligns with the view that AI-driven demand for advanced semiconductors still has room to run, a position shared by several figures in Korea's memory and foundry ecosystem, including Samsung Electronics and SK hynix, which have continued to invest in advanced capacity despite cyclical warnings.

Market context

Park's remarks come as Korean chipmakers and asset managers alike weigh the durability of the AI investment cycle. His suggestion that a semiconductor downturn may be less certain than skeptics believe, combined with an impending M&A move, signals that Mirae Asset intends to stay active in the sector rather than retrench.

The exact timing of the M&A announcement, the identity of the counterparties, and the financial terms have not yet been made public, and those details should be treated as unconfirmed until an official disclosure.

The claim that Park Hyeon-joo announced an imminent M&A deal and said the semiconductor peak argument is likely wrong is true.

Verdict: True