Korea Exchange (KRX) said on the 20th that the securities, derivatives, and general commodities markets will be closed on June 3, the day of the local elections, and on July 17, Constitution Day.

The Korea Exchange (KRX) building in Seoul. /Courtesy of Korea Exchange (KRX)

June 3 is designated as the nationwide local election day, so the stock market will not open. July 17 became a statutory holiday as Constitution Day and has been included as a regular non-trading day starting this year.

Markets that will be closed include the stock market; the exchange-traded fund (ETF), exchange-traded note (ETN), and equity-linked warrant (ELW) markets; the listed-type revenue securities market; the preemptive rights certificate and securities markets; the revenue securities market; the bond market; and KSM.

The derivatives market, including night trading, and the general commodities market such as oil, gold, and emissions allowances will also be closed. Clearing services for over-the-counter derivatives including won IRS, won OIS, and dollar IRS, and the trade repository (KRX-TR) will also be closed.

Night trading for derivatives that would start on the afternoons of June 3 and July 17 will also not take place. However, night trading that starts at 6 p.m. on June 2 and July 16 will proceed as normal.

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