South Korea Stock Market

Major Stock Exchange Introduction

Korea Exchange (KRX)

KRX was formed by the integration of the three existing Korean spot & futures exchanges, which are Korea Stock Exchange, Korea Futures Exchange and Korean Securities Dealers Automated Quotations (KOSDAQ), under the Korea Stock & Futures Exchange Act. The securities and futures markets of former exchanges are now operating as the business divisions of the KRX: the Stock Market Division, KOSDAQ Market Division and Derivatives Market Division. As of 31 December 2007, the Korea Exchange had 1,757 listed companies with a combined market capitalization of $1.1 trillion.

Major Index Introduction

Korea Composite Stock Price Index (KOSPI)

KOSPI is the index of all common stocks traded on the Stock Market Division—previously, Korea Stock Exchange—of the Korea Exchange. It's the representative stock market index of South Korea. It was introduced in 1983 with the base value of 100 as of January 4, 1980. It's calculated based on market capitalization.

KRX 100

KRX 100 is the index of 100 companies listed on Korea Exchange, including KOSDAQ's NHN and other big companies. It's meant to replace KOSPI 200 as the key futures index, but has not been very successful.

Account Opening Procedures

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Trading Information

CountryTrading Session(Hong Kong)Trade CurrencySettlement Currency & DurationEarliest HK time to accept orders for next trade day
*** Only limited services of pre-open, pre-close & after-close auction sessions are provided
South
Korea(Effective from 1 st August 2016)
Monday ~ Friday(Korea Exchange will implement new trading hours of Regular Session starting from 01 Aug 2016)
Continuous Session
8:00 - 14:20
Pre-close Auction Session***
14:20 - 14:30
KRW KRW
HKD
USD
T + 2
Monday ~ Friday
at 16:00
after previous market close

Commission

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Trading Unit

For the stocks with closing price no more than KRW 50,000 in last trading day, 1 share per lot; For the stocks with closing price more than KRW 50,000 in last trading day, 10 shares per lot. Stocks with initial public offerings or stock split / reverse stock split are excluded.
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Daily Price Limit

KRX has established daily price limits based on stocks' previous day's closing prices. The price of stocks shall not be changed over 15% from the closing price of previous trading day on each day. Stocks with initial public offerings or stock split / reverse stock split are excluded.
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Depository Information

Please click here for depository steps and related depository bank account information.

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