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. Quotation quantity units are KRW 10,000 of face value. The trading unit is KRW 1 billion. Quotation price units (or tick size) are different by remaining to maturity of bonds: KRW 1 for 10 years or longer; KRW 0.5 for 2 years or longer, but shorter than 10 years; and KRW 0.1 for shorter than 2 years. However, those for the benchmark 10-year KTBs and KTBis are KRW 1.
KRX KTB has two types of quotations to support Primary Dealers' market-making; market-making quotations and market-taking quotations. These quotations applies only to benchmark KTBs, not to non-benchmark KTBs, MSBs or DIFBs.
|Market-Making Quotations||Both-sided Market-Making Quotations||Bid and offer quotations that are simultaneously placed by the Primary Dealers (PDs) to fulfil the market-making obligation|
|One-sided Market-Making Quotations||Bid or offer quotations placed by the Government bond dealers (including Ordinary dealers)|
Bid or offer quotations with conditions such as FOK, IOC, or FAS placed by the Government bond dealers (including Ordinary dealers) for the purpose of executing a trade with a market-making quotation.