The domestic stock market will open through the 30th of this month and close on the 31st, the last day of the year. On Jan. 2 next year, the first trading day of the new year, regular trading will start at 10 a.m., one hour later than usual, in line with the opening ceremony.
Korea Exchange (KRX) said on the 18th that, with the 31st designated as the year-end holiday, the securities and derivatives markets will operate through the 30th. However, the over-the-counter derivatives central counterparty (CCP) clearing and the trade repository (TR) reporting services will operate as normal without a year-end holiday.
For listed companies that set the end of December as the settlement of account dividend record date, the ex-dividend date is the 29th of this month. Accordingly, if investors buy shares by the 26th of this month, they can receive dividends from companies with December settlement of account.
On Jan. 2, the first trading day of the new year, the regular market of the securities markets including KOSPI, KOSDAQ, and KONEX will open at 10 a.m., one hour later than usual due to the opening ceremony. The closing time remains 3:30 p.m.
The regular derivatives market will also open at 9:45 a.m., one hour later than before. The market will close at 3:45 p.m., the same as usual.
Alternative trading system NEXTRADE (NXT) will also designate the 31st as a year-end holiday, so transactions for this year will run through the 30th.
On Jan. 2, the first trading day of next year, the pre-market (8 a.m.–8:50 a.m.) will not operate, and the main market and the block and basket trading markets will start trading at 10:00:30 a.m. and close at the same time as currently.