Samyang Foods Replaces Entertainment Companies as Top K-Culture ETF Holding on July 8, With Shares Down 33-40%

According to KB Securities, the portfolio of TIME K-Culture Active ETF shifted dramatically as of July 8, with Samyang Foods climbing to the top holding at 6.79%, replacing entertainment companies like Hive (5.16%) and SM Entertainment (4.55%). The fund's top holdings now include beauty brand MediCube's APR (5.70%) and game developer Pearl Abyss (5.51%).

Samyang's rally was driven by strong overseas sales of its Buldak instant noodles. The company's estimated Q2 revenue reached 746.4 billion Korean won, up 35% year-on-year, with operating profit surging 47.3%. U.S. subsidiary sales rose 12.3% quarter-on-quarter, while European sales climbed 7.6%. Meanwhile, entertainment stocks have faced pressure, with Hive, SM Entertainment, JYP Entertainment, and YG Entertainment each falling 33-40% this year amid investor sentiment headwinds.