Korea Exchange (KRX) - DTTW™ (2024)

FAQs

What exchange is KRX? ›

Korea Exchange (KRX, 한국거래소) is the sole securities exchange operator in South Korea.

Previously a standalone stock market, today, the Korea Stock Exchange is a division of the much larger Korea Exchange (KRX). KRX's electronic trading platform is KOSDAQ, which is similar to the Nasdaq in the U.S.; the KOSPI, like the S&P 500, tracks the health of the exchange.

In order to trade at KRX Stock Markets, every investor has to first open a trading account through licensed securities company that has obtained KRX Membership (hereinafter "Members"). Investors can only place (or submit) their trading orders through the Members which act as agents in the market.

The first part of the much-awaited initiative, announced on Feb. 26, fell short of tackling the fundamental cause of the "Korea discount" phenomenon of relatively low valuations: a high inheritance tax that incentivizes large family-run conglomerates to keep stock prices low.

About the stock exchange

The Korea Exchange (KRX), which was launched in January 2005 by consolidating the four domestic markets, is committed to further the market credibility, customer-oriented management and confidence of organization, thus building up itself as a leading capital market in Northeast Asia.

Daily price limit:

Price change limit in the KRX Markets is +/- 30% of the previous day's closing price and trades must be priced within this range. KONEX Market has daily price limit of +/-15% of the previous day's closing price.

A student exchange program in Korea is a wonderful day to see and experience Korean culture for yourself. You'll develop fluency in Korean, make new friends and fall in love with a place that will call you back for years to come.

POSCO International Corporation (포스코인터내셔널) is South Korea's largest trading company and a subsidiary of POSCO.

U.S. investors can opt to buy shares through a local broker in South Korea or invest directly. U.S. investors can also find Samsung shares through the Grey Market, traded over-the-counter, or through buying an ETF that includes Samsung.

What time is KRX after hours trading? ›

The Post-Trading Session is from 3:40 pm to 6:00 pm. We closely monitor the South Korea Stock Exchange for changes to their trading hour. Any official changes will be reflected here immediately. If you are aware of an upcoming change, please contact us.

Buying stocks in South Korea can simply mean picking individual companies you want to invest in, but there are other options available too. You can buy shares in an ETF, sign up to an automated investment platform, buy and sell stock CFDs, or use your bank account to open a stocks-savings account.

The country's stock markets are often considered undervalued by analysts, who refer to the phenomenon as the "Korea discount." Measures are aimed at supporting its stock markets and take a leaf out of Japan's playbook that has helped take Tokyo markets to record highs.

South Korea ranks 10th among the 132 economies on the Global Innovation Index 2023 and 14th out of 184 countries on the 2023 Index of Economic Freedom. Moreover, it is at the 19th place in Kearney's Foreign Direct Investment Confidence Index 2023.

The investment case for South Korea is 'really good' right now, Goldman Sachs says. Timothy Moe of the investment bank says “it's probably our strongest and most out-of-consensus idea that we have.”

As the oldest and biggest market in South Korea, Namdaemun Market dates all the way back to the year 1414. Today, the market remains one of Seoul's most popular attractions with visitors and tourists alike.

1.1 Overview of Regulatory Background

The Korea Composite Stock Price Index (“KOSPI”) market is the KRX's main board listing medium to large capital blue chip stocks. The Korea Securities Dealers Automated Quotations (“KOSDAQ”) market is a financing channel for small and medium venture companies with growth potential.

Seoul Folk Flea Market is one of the most popular markets in Seoul. Via public transport, take the subway line 2 and explore the many stalls selling traditional Korean goods and souvenirs. The market is open every day from 10am until 6pm, so you can easily fit it into your itinerary.

Capital Markets

The secondary stock market is further divided into the marketable securities market and the KOSDAQ, where listed stocks are traded, and the Free Board for unlisted stocks. The bond market is where long-term bonds with maturities of one year or more are issued and traded.