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 closed at a record high on May 27, driven by gains in semiconductor shares.
South Korean shares opened nearly 3 percent higher on Wednesday, driven by sharp gains in blue-chip tech stocks despite Middle East uncertainties. The benchmark KOSPI jumped 162.04 points, or 2.87 percent, to 5,802.52 in the first 15 minutes of trading. Semiconductor firms led the rally following Nvidia's annual tech conference.
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Asian stocks reached a record high amid gains in technology shares and reduced geopolitical tensions. South Korea's SK Hynix achieved a $1 trillion market capitalization. Hopes for a US-Iran peace deal supported equity markets despite mixed US consumer confidence figures.
South Korean stocks rebounded to a fresh record high on May 29, fueled by gains in artificial intelligence shares and optimism over a potential U.S.-Iran ceasefire extension.
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South Korean stocks opened at a fresh record high on Monday, boosted by semiconductor gains even as concerns mounted over a potential breakdown in the US-Iran peace deal.