Listing Procedure

Listing application for debt securities can be submitted over Internet, using the Bond Listing System (http://bonds.krx.co.kr) in the KRX website or "http://bonds.sm.krx.co.kr". The supplementary documents can be submitted by uploading in the Bond Listing System, and the result can also be confirmed at the same system.

Listing Procedure
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  1. Bond Listing System  http://bonds.sm.krx.co.kr
  2. When applying for Listing
    • - Bond requiring filing of securities registration : when the securities registration is accepted
    • - Bond exempt of filing of securities registration : Before 10th of the month following the issuance month
  3. Completion of Application: When all required documents are submitted and the application fee is paid
  4. Notification Time : Immediately after the confirmation
  5. Notification method : Electronic means such so facsimile, internet, etc.
  6. Confirmation of listing : Bond Listing System
  7. Confirmation of standard code : Standard Code System  http://isin.sm.krx.co.kr
  8. Calculation and application of substitution price of initially listed bond Make public thru the KRX homepage and check terminal on the day after listing day
Listing of Government Bond

Government bonds are listed upon receiving the listing application, without listing examination. Of the government bonds issued presently, the treasury bonds and foreign exchange stabilization bonds are listed on the issuing day and according to the regulations governing shelf listing of bonds, the national housing bond (1&2) is listed on the first day of each month. Listing of the treasury bonds and foreign exchange stabilization bonds are handled by the Bank of Korea over Internet, and for the listing of the national housing bond (1&2), the KRX lists the scheduled quantity on the first day of each month, and adjusts the listing value upon receiving the notice of issuance value following confirmation of bond issuance for the concerned month.

Listing of Municipal Bond

In common with government bonds, taking into account their public benefits, municipal bonds are listed without listing examination. Listing of shelf-listed municipal bonds, i.e., the provincial development bonds and local subway bonds, is handled in the same way as the national housing bonds (1&2), and listing of bonds issued through public offering is handled in the same way as the corporate bonds. The documents required for listing application for provincial development bonds and subway bonds are an application for self listing and report on result of issuance, and the documents required for listing of the municipal bonds issued through public offering include an application for listing, trust deed, underwriting agreement or sales contract, a copy of an agreement on offering on commitment (only in case where the concerned bonds are issued through indirect offering), etc. Listing application for bonds can be submitted over Internet

Listing of Special Bonds
As is the case in the government bonds, listing application of the monetary stabilization bonds is filed on the day of sale or bidding, and listing is made on the issuance day
  • Monetary Stabilization Bonds
    In common with government bonds, listing application of the monetary stabilization bonds is made on the day of sale or bidding, and they are listed on the issuance day.
  • Shelf listed bonds
    Korea National Housing Corporation (land) bonds, and land development bonds are listed as shelf listed bonds in the same way as local subway bonds, which are municipal bonds. That means, on the basis of the application for shelf listing for the bonds scheduled to be issued in each month during the following year at the end of each year, the KRX lists the scheduled quantity on a fixed day (for example, on 27th of each month for industrial financial bonds), and determines the listing value upon receiving the notice of issuance value following confirmation of issuance of bonds for the concerned month.
  • Public bonds
    Special bonds prescribed in the Financial Investment Services and Capital Markets Act are issued indirectly through securities firms. For their convenience, the issuing firms are allowed to compile all bonds issued during a month and submit the listing application for such bonds collectively by 10th of the following month.
  • Presale bonds
    Listing of presale bonds (the bonds are issued together after accumulating all bonds sold during a month, thus their issuing date is same, but sale dates are different), which are bank bonds, was handled as a shelf listed bond until June 2001. However, with the abolition of the taxation regulations concerning the holding period in July 2001, the presale bonds are listed by giving different name to each sale date (with same issuing date).
  • Bonds requiring filing of the securities registration statement
    Filing of the securities registration statement was exempted for the merchant bonds, card bonds, lease bonds, discount financial bonds, and new technology financial bonds, and such bonds issued during a month were accumulated and listing application was made by 10th of the following month. However, with the amendment of the Securities Exchange Act in July 2001, the filing of the securities registration statement has become an obligation. Consequently, in accordance with the bond issuance plan for a fixed duration (up to one year period), issuers of such bonds has to file an application for shelf listing to the FSC, and an application for additional shelf listing has to be filed every time when bonds are issued during the specified period. Listing application should be made after filing the application for additional shelf listing.
Listing of Corporate Bonds

Listing of corporate bonds are make based on the issuing day. An issuing corporation submits listing application to the KRX which thereupon reviews its listing eligibility. Listing application should be submitted after the FSC has accepted the securities registration statement.

Listing of Foreign Bonds

Foreign debt securities refer to the debt securities issued by a foreign entity (including the foreign governments, foreign municipal government, foreign public organizations, the foreign corporations established by foreign laws and regulation and the international financial organizations established by an international treaty)


Because of the difficulties involved in assessing the trustworthiness / soundness of foreign corporations, etc. listing of foreign debt securities requires a careful listing examination. Accordingly, in order to ascertain the facts that issuing conditions of the foreign debt securities meet the requirements for investor protection and are compatible with the listing and trading systems of the KRX and to take appropriate measures if necessary, any one who intends to list foreign debt securities is required to consult with the KRX on such matters as listing procedures and time schedule prior to the submission of an application.

Content Manager
  • Bond Listing & Disclosure Services 02-3774-8684