It is from 09:00 to 15:30 everyday except holidays and Saturday. The holidays include national holidays, Labor Day and one day at the end of the year.
The type of quotation (order) is a limit order. In other words, an investor trades at the designated price or lower price for a bid limit order while trading at the designated price or higher price for an ask limit order. The quotation receiving hours is from 08:00 to 15:30. Quotation price units (or tick size), quotation quantity units and trading units are classified below as per domestic bond and foreign bond. There is no daily price limit.
(Incl. equity-related bond)
|Quotation Price Unit
|Remaining to Maturity of Bonds|
|10 years or longer||KRW 1||1 point|
|2 years or longer,
but shorter than 10 years
|KRW 0.5||0.5 point|
|Shorter than 2 years||KRW 0.1||0.1 point|
|Quotation Quantity Unit||Face value KRW 10,000||10,000 point|
|Trading Unit||Face value KRW 1,000||10,000 point|
Though daily price limits are not applied, excessively priced quotations as below are not allowed to be put into the trading system to prevent errors by operators:
* Base price: Previous day's closing price (When the closing price is not available, a mark-to-market price is used.)