Korea Exchange (KRX) is the sole securities exchange operator in South Korea. It is headquartered in
Busan
Busan (), officially known as is South Korea's most populous city after Seoul, with a population of over 3.4 million inhabitants. Formerly romanized as Pusan, it is the economic, cultural and educational center of southeastern South Korea, ...
, and has an office for cash markets and market oversight in
Seoul
Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 of ...
.
History
The Korea Exchange was created through the integration of Korea Stock Exchange (KSE), Korea Futures Exchange and
KOSDAQ
KOSDAQ (acronym of Korean Securities Dealers Automated Quotations, Korean: 코스닥) is a trading board of Korea Exchange (KRX) in South Korea established in 1996. Initially set up by Korea Financial Investment Association as an independent st ...
Stock Market under the Korea Stock & Futures Exchange Act. The securities and derivatives markets of former exchanges are now business divisions of Korea Exchange: the Stock Market Division, KOSDAQ Market Division and Derivatives Market Division. As of Dec 2020, Korea Exchange had 2,409 listed companies with a combined market capitalization of ₩2.3 quadrillion KRW ($2.1 trillion USD). The exchange has normal trading sessions from 09:00 am to 03:30 pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.
On 22 May 2015, the Korea Exchange joined the
United Nations Sustainable Stock Exchanges initiative in an event with the
UN-SG Ban Ki-moon in attendance, as well as senior officials from
UN Global Compact
The United Nations Global Compact is a non-binding United Nations pact to encourage businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is a princi ...
and
UNCTAD
The United Nations Conference on Trade and Development (UNCTAD) is an intergovernmental organization within the United Nations Secretariat that promotes the interests of developing countries in world trade. It was established in 1964 by the ...
.
Traded Instruments
;KOSPI Market Division
* Stocks
* Bonds
* Exchange Traded Funds (ETFs)
* Exchange-Linked Warrants (ELWs)
* Real Estate Investment Trusts (REITs)
;KOSDAQ Market Division
* Stocks
;Derivatives Market Division
* Index Instruments:
KOSPI
The Korea Composite Stock Price Index or KOSPI (코스피지수) is the index of all common stocks traded on the Stock Market Division—previously, Korea Stock Exchange—of the Korea Exchange. It is the representative stock market index of ...
200 Index Futures, KOSTAR Futures, KOSPI 200 Index Options
* Single Stock Futures
* Equity Options
* Interest Rate Instruments: 3-Year KTB (Korea Treasury Bond) Futures, 5-Year KTB Futures, 10-Year KTB Futures
* Foreign Exchange Instruments: USD Futures, JPY Futures, EUR Futures, USD Options
* Commodity Instruments: Gold Futures, Mini-gold Futures,
Lean Hog
Lean Hog is a type of hog (pork) futures contract that can be used to hedge and to speculate on pork prices in the US.
Lean Hog futures and options are traded on the Chicago Mercantile Exchange (CME), which introduced Lean Hog futures contracts i ...
Futures
See also
*
Korea Financial Investment Association
The Korea Financial Investment Association (KOFIA, Hangeul: 금융투자협회) is a non-profit, self-regulatory organization (SRO) in South Korea, founded under the Financial Investment Services and Capital Markets Act. It was established on Febr ...
*
List of East Asian stock exchanges
This is a list of Asian stock exchanges.
In the Asian region, there are multiple stock exchanges. As per data from World Federation of Exchanges, below are top 10 selected in 2020:
* Shanghai Stock Exchange, China
* Tokyo Stock Exchange, Japan
...
References
External links
Korea Exchange Website
Stock exchanges in South Korea
Futures exchanges
Financial services companies established in 1953
Companies based in Busan
1953 establishments in South Korea
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