Korean Semiconductor ETFs
Rubicon plans to offer perpetual futures on Korean semiconductor ETFs, providing exposure to Samsung, SK Hynix, and the broader Korean chip ecosystem.
Why Korean Semiconductors?
Korea is a global semiconductor powerhouse:
Memory dominance — Samsung and SK Hynix control ~70% of DRAM and ~50% of NAND flash
Display technology — Samsung Display leads OLED manufacturing
Foundry expansion — Samsung competes with TSMC
AI beneficiary — HBM (High Bandwidth Memory) demand explosion
Available ETFs
091160.KS — Samsung KODEX Semiconductor
Full Name
Samsung KODEX Semiconductor ETF
Issuer
Samsung Asset Management
Exchange
Korea Exchange (KRX)
Currency
KRW
Ticker
091160.KS (Yahoo)
Top Holdings:
Samsung Electronics
SK Hynix
Samsung SDI
DB HiTek
396500.KS — TIGER Fn Semiconductor Top 10
Full Name
TIGER Fn Semiconductor Top 10 ETF
Issuer
Mirae Asset Global Investments
Exchange
Korea Exchange (KRX)
Currency
KRW
Ticker
396500.KS (Yahoo)
Focus: Concentrated exposure to top 10 Korean semiconductor stocks by market cap.
395270.KS — HANARO K-Semiconductor
Full Name
HANARO K-Semiconductor ETF
Issuer
NH-Amundi Asset Management
Exchange
Korea Exchange (KRX)
Currency
KRW
Ticker
395270.KS (Yahoo)
Focus: Broad Korean semiconductor sector exposure.
091230.KS — TIGER Semiconductor
Full Name
TIGER Semiconductor ETF
Issuer
Mirae Asset Global Investments
Exchange
Korea Exchange (KRX)
Currency
KRW
Ticker
091230.KS (Yahoo)
Focus: Korean semiconductor sector with moderate diversification.
Trading Hours
Korean markets operate in a different time zone:
Regular
9:00 AM - 3:30 PM
7:00 PM - 1:30 AM*
00:00 - 06:30
Closed
3:30 PM - 9:00 AM
1:30 AM - 7:00 PM
06:30 - 00:00
*Previous day in ET (Korea is ahead).
Key Time Differences
Market Open
9:00 AM
7:00 PM (prev)
4:00 PM (prev)
Market Close
3:30 PM
1:30 AM
10:30 PM (prev)
Holidays
Korean markets follow their own holiday calendar:
Lunar New Year (3 days)
Independence Movement Day (Mar 1)
Buddha's Birthday
Children's Day (May 5)
Memorial Day (June 6)
Liberation Day (Aug 15)
Chuseok (Korean Thanksgiving, 3 days)
National Foundation Day (Oct 3)
Hangeul Day (Oct 9)
Contract Specifications (Planned)
Contract Size
1 ETF share
Quote Currency
USD
Settlement
USDH
Maximum Leverage
3x
Update Frequency
Every 3 seconds
Currency Handling
Korean ETFs trade in KRW. Our oracle:
Fetches ETF price in KRW
Converts to USD using current FX rate
Publishes USD price to Hyperliquid
This means positions are exposed to KRW/USD movements in addition to ETF price.
Price Oracle
Primary Source
Yahoo Finance (KS tickers)
FX Source
Real-time KRW/USD
Update Frequency
Every 3 seconds during market hours
Fallback
Stale cache (60s max)
Trading Considerations
Time Zone Arbitrage
Korean markets open when US markets are closed, and vice versa. News affecting both markets creates opportunities.
Currency Risk
KRW/USD fluctuations add a layer of volatility. Consider this in position sizing.
News Flow
Samsung/SK Hynix earnings are major events
Memory pricing data (from TrendForce, DRAMeXchange)
China chip restrictions impact Korean suppliers
Liquidity Differences
Korean ETFs may have lower liquidity than SOXX. Expect wider spreads.
Comparison with SOXX
Focus
US/global semis
Korean semis
Top Holdings
NVDA, AVGO, AMD
Samsung, SK Hynix
Strength
Logic chips, AI
Memory, display
Trading Hours
US hours
Korean hours
Currency
USD
KRW (converted)
Why Both?
Holding positions in both SOXX and Korean ETFs provides:
Geographic diversification — US and Asia exposure
Segment diversification — Logic and memory chips
Time zone coverage — Near 24/7 semiconductor trading
Arbitrage opportunities — Correlated but distinct markets
Status
Korean ETF perpetuals are coming soon. Join our Discord to be notified when they launch.
Last updated