Korea Exchange
The Korea Exchange (KRX), is based in South Korea and launched in January 2005 by consolidating the four domestic markets. The KRX is committed to further the markets credibility, customer-oriented management and confidence of organization, ultimately building up itself as a leading capital market in Northeast Asia. The Management Strategy Division establishes the business strategy and management reform agenda, and proposes the long-term vision necessary for enhancement of the KRX’s reputation. KRX located its head office in Busan, the second largest city in South Korea.
Korean Stock Market was opened in 1956 with 12 listed companies. During its early years, Korean Stock Market was more of a government bond market, with level of stock trading insignificant. It also experienced a series of market crashes, resulting in the market closing and the reorganization of its Stock Market Division. Since mid 1960s, however, the Korean Stock Market grew rapidly, owing to a series of government actions aimed to develop a capital market which could support the national economic development plans, and to encourage privately-owned companies to go public. Examples of important legislation enacted for these purposes are the Securities and Exchange Act of 1962, the law on Fostering the Capital Market of 1968 and the Public Corporation Inducement Act of 1973.
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 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, 3-Year KTB Futures Options
- Foreign Exchange Instruments: USD Futures, JPY Futures, EUR Futures, USD Options
- Commodity Instruments: Gold Futures, Mini-gold Futures, Lean Hog Futures