Korea’s semiconductor stocks are at the center of booming AI chip demand, record current account surpluses, and heavy profit taking. Wonik IPS (KOSDAQ:A240810) is a South Korean equipment maker supplying semiconductor, display, and solar cell manufacturing systems, generating about ₩967,179 million in revenue mainly from its Semiconductor Equipment Sector. Its market cap is ₩6.1b. Earnings grew 187.8% over the past year, and Q1 2026 swung from a loss to a ₩22,100 million profit. The stock trades on a high P/E, and a DCF model suggests the current price is above estimated fair value. Earnings growth is expected to trail the wider Korean market, and funding relies entirely on external borrowing. ISC (KOSDAQ:A095340) is a South Korean manufacturer of semiconductor test sockets, with a market cap of ₩3,094.2b. Forecast earnings and revenue growth are around the mid 20% range, with a net margin above 27%. The current P/E is 44.4x, and the share price is above cash flow based value estimates, with high share price volatility.