Kiwoom Securities USA lists domestic semiconductor investment ETF on the New York Stock Exchange

(Seoul = Yonhap News) Reporter Kim Yu-hyang = Kiwoom Securities USA, the U.S. subsidiary of Kiwoom Securities [039490], is listing an exchange-traded fund (ETF) that invests in domestic semiconductor stocks locally.

According to the financial investment industry on the 11th, Kiwoom Securities USA plans to start trading the 'KICK Korea Semiconductor Index ETF' at Arca, an exchange under the New York Stock Exchange (NYSE).

In fact, this is the first time for a domestic securities firm to list an ETF under its own brand on the U.S. stock market.

The product, with the ticker name 'KCHP', invests in 20 major domestic semiconductor companies, including Samsung Electronics [005930] and SK Hynix [000660], and follows the 'Akros Korea Semiconductor Index'. Total compensation is 0.65% per year.

A Kiwoom Securities official said, "Our goal is to establish ourselves as a local business by continuously introducing products that meet investor demand in the United States, the world's largest ETF market," and added, "We will expand our global investor base in the long term by building trust before short-term performance."