The benchmark Korea Composite Stock Price Index (KOSPI) is displayed on a screen at a dealing room of Hana Bank in Seoul, Tuesday. Yonhap

Korean stocks gained ground late Wednesday morning, but major tech companies continued to trade lower following a tech slide in the U.S. market overnight.

The benchmark Korea Composite Stock Price Index (KOSPI) inched up 11.31 points, or 0.13 percent, to 8,737.91, as of 11:20 a.m.

After opening over 1 percent lower, the index entered into positive territory as retail investors snatched up market heavyweights.

On Wall Street, major stock indexes closed lower as investors took a breather ahead of the U.S. Federal Reserve's rate setting meeting on Wednesday (local time).