The primary equities exchange in Korea.

Homepage Currency: South Korean Won (KRW)

Trading Hours Holiday Calendar

The KRX aims to be a 'World-Class Premier Exchange' as its vision. The KRX is making concerted efforts to establish an orderly capital market and achieve sustainable growth through providing trustworthy services for the society and build up effective and stable systems and infrastructure.

• Limit Buy/Sell→ShortSell
• Market Buy/Sell→ShortSell
• Market-on-Open/Close Buy/Sell→ShortSell
• Limit-on-Open/Close Buy/Sell→ShortSell

• Lot Size - minimum lot size is 10 shares (1 share if base price of the issue on that day is above KRW 50,000)
• Tick Size - Up to KRW 1000 = 1 ; 1000 to 5000 = 5 ; 5000 to 9990 = 10; 10000 to 49950 = 50; 50000 to 99900 = 100; 100000 to 499500 = 500; greater or equal to 500000 = 1000.
• Daily Price Limit - current price limit in the KOSPI market is 15% for stocks, KDRs and ETFs.
• Short Sale Rules - short selling is permitted subject to restrictions and regulations. Short sales should be reported as such to the exchange. All short sales must be executed on the uptick.]
• Circuit Breakers - all the trading shall be suspended in case KOSPI decreases continuously for 1 minute more than 10% of closing price of the very preceding day. Once circuit breakers is exercised, suspension is made for 20 minutes. The KRX resumes trading 20 minutes after issue of circuit breakers. The first price shall be formed in single price for 10 minutes from the resumption and then crowd trading shall be applied to.

The opening auction procedure begins at 10:00AM and lasts for about 10 minutes. The reason for this is that stocks are divided into 5 groups which open sequentially as follows:

• Group 1 (A-B) 10:00:00AM +/- 15 sec
• Group 2 (C-F) 10:02:15AM +/- 15 sec
• Group 3 (G-M) 10:04:30AM +/- 15 sec
• Group 4 (N-R) 10:06:45AM +/- 15 sec
• Group 5 (S-Z) 10:09:00AM +/- 15 sec

For a detailed description of how the opening price is calculated, see here.

The closing price is calculated in the same way as the opening price. Details can be found here. Note: From 4:00PM - 4:10PM the market is placed in the same state as during the pre-open, meaning that orders can be entered, changed and cancelled, but no orders will trade.

Here you can find a number of third-party reference sources to help you learn more about the Australian equities markets.

May 24, 2013 - Report by the Capital Markets Cooperative Research Centre (CMCRC) showing that the introduction of competition (Chi-X) has been beneficial to Australian markets. Read the full report here.

• The Australian: Business Section
• The Australian Financial Review: Business Section
• Yahoo!Finance - Australia
• Sydney Morning Herald - Markets Section

• KRX Market Data
• Koscom Stock Information