KICK ETF KCHP Launched to Provide U.S. Investors Access to Korea's Semiconductor Industry
Exchange Traded Concepts and Kiwoom Securities (USA) Inc. have launched the KICK Korea Semiconductor Index ETF (NYSE Arca: KCHP), offering U.S. investors focused exposure to South Korea’s semiconductor sector through a single fund. The ETF tracks an index of 20 Korean-listed companies across various segments including memory, foundry, equipment, materials, packaging, and design. It includes major players like Samsung Electronics and SK Hynix. KCHP is designed for accessibility without requiring foreign trading accounts or direct Korea Exchange participation. However, returns are influenced by the won-dollar exchange rate due to holdings denominated in Korean won. The ETF uses a modified market-cap weighting method that limits single-stock exposure while maintaining broad industry representation across the semiconductor value chain. The launch aims to provide U.S. investors with targeted access to one of the world’s most significant and specialized semiconductor ecosystems, which has previously been difficult for many foreign investors.
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