Trading Holidays on KRX
|Monday||Jan. 23, 2023||Korean New Year / Seolnal|
|Tuesday||Jan. 24, 2023||Korean New Year Holiday|
|Wednesday||Mar 01, 2023||Independence Movement Day|
|Friday||May 05, 2023||Children’s Day|
|Tuesday||Jun 06, 2023||Memorial Day|
|Tuesday||Aug. 15, 2023||Liberation Day|
|Thursday||Sep 28, 2023||Chuseok (Harvest Festival)|
|Friday||Sep 29, 2023||Chuseok Holiday|
|Tuesday||Oct 03, 2023||National Foundation Day|
|Monday||Oct 09, 2023||Hangul Day|
|Monday||Dec 25, 2023||Christmas Day|
Korea Exchange KRX Holidays 2023
What investors need to know about holidays on KRX Exchange
Korea Exchange (KRX) is the sole securities exchange operator in South Korea, providing a platform for the trading of stocks, bonds, derivatives, and other financial instruments. As with any exchange, KRX operates on a schedule of business days and holidays. In this article, we’ll take a closer look at the KRX holiday schedule for 2023.
KRX observes 14 holidays throughout the year, during which time the exchange is closed and trading is unavailable. These holidays are typically based on cultural or national events, and many of them are shared with other countries around the world.
The first holiday of the year is New Year’s Day, which falls on Sunday, January 1st, 2023. However, since it is a weekend, KRX will be closed on Monday, January 2nd instead. This is followed by Lunar New Year’s Day, which falls on Tuesday, January 24th, and Wednesday, January 25th. Trading will be closed on both of these days.
Next up is Independence Movement Day, a national holiday in South Korea commemorating the March 1st Movement in 1919, a significant moment in the country’s fight for independence from Japan. This holiday falls on Wednesday, March 1st, 2023, and trading will be closed.
The next major holiday on the KRX schedule is Buddha’s Birthday, which falls on Monday, May 8th, 2023. This holiday celebrates the birth of Siddhartha Gautama, the founder of Buddhism, and is observed in many countries across Asia.
Memorial Day, a day to honor those who have died in service to the country, falls on Friday, June 6th, 2023. This holiday is observed in both South Korea and the United States.
In August, there are two holidays that will result in the KRX being closed for trading. The first is National Liberation Day, which falls on Monday, August 15th, 2023, and commemorates the end of Japanese rule in Korea in 1945. The second is Chuseok, a three-day harvest festival that takes place from Tuesday, August 22nd, to Thursday, August 24th, 2023.
The next holiday on the schedule is Hangul Proclamation Day, which falls on Tuesday, October 9th, 2023. This holiday celebrates the creation of the Korean alphabet, Hangul, in 1446 by King Sejong.
Finally, there are three holidays in December that will result in the KRX being closed for trading. The first is Christmas Day, which falls on Monday, December 25th, 2023. The second is Bank Holiday, which takes place on Tuesday, December 26th, 2023. The third and final holiday of the year is New Year’s Eve, which falls on Sunday, December 31st, 2023. However, since it is a weekend, KRX will be closed on Monday, January 1st, 2024, instead.
In summary, the KRX holiday schedule for 2023 includes 14 holidays, ranging from New Year’s Day to New Year’s Eve. During these holidays, the exchange will be closed, and trading will be unavailable. It’s important for investors and traders to be aware of these holidays to avoid any unexpected disruptions to their trading strategies.