Korea Exchange (KRX) announced Wednesday that it has designated December 31 as a year-end holiday and will reopen at 10 a.m. on January 2 next year.
The exchange will operate securities and derivatives markets through December 30 this year, with December 31 designated as the year-end closure. The first trading day of next year will be January 2, with the regular market opening at 10 a.m. and the derivatives market at 9:45 a.m. Market closing time remains unchanged at 3:30 p.m.
The ex-dividend date for listed companies with fiscal year-end dividend record dates in late December has been set for December 29. Accordingly, investors who purchase shares by December 26 will be eligible to receive dividends from listed companies with December year-end dividend record dates.
Alternative exchange NextTrade (NXT) will also have its last trading day on December 30, with December 31 as a holiday. While NXT reopens on January 2 as well, it will not operate pre-market trading. Both the main market and block/basket trading markets will begin at 10:00:30 a.m., with closing time unchanged.