South Korean stocks have doubled in value so far this year.
The Korea Fund offers exposure to Korean equities with a heavy weighting toward technology leaders such as Samsung and SK Hynix.
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South Korean stocks opened sharply higher Wednesday on semiconductor gains, prompting the Korea Exchange to trigger a buy-side sidecar that suspended program trading for five minutes.
South Korean stocks closed at a record high on May 27, driven by gains in semiconductor shares.
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South Korean stocks closed higher on Friday as semiconductor shares rallied following overnight gains on Wall Street. The benchmark KOSPI rose 2.52 percent to 7,475.94. The Korean won also gained against the U.S. dollar.
Seoul shares opened higher on Monday, driven by gains in technology companies ahead of second-quarter earnings results.
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Seoul shares ended more than 6 percent higher Wednesday, led by technology stocks, even as tensions in the Middle East persisted. Softer-than-expected U.S. inflation data helped lift sentiment.
The South Korean won strengthened to a more than two-month high against the dollar on July 23 as the economy posted better-than-expected growth in the second quarter.
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Seoul stocks opened at a fresh record high Friday after surging past 9,000 the previous day, boosted by a continued chip rally amid an artificial intelligence boom.