Qualifications

An entity (including domestic branches or businesses of a foreign securities company) that has obtained the license to engage in the investment trading or investment brokerage business pursuant to [§12(1)] of the Financial Investment Services and Capital Markets Act is eligible to become a member of the Exchange.

⇒ An applicant who wishes to become the KRX member should obtain the license for the investment trading or investment brokerage business to deal with Securities, Equity securities, Debt securities, Derivatives, Equity Derivatives, Currency Derivatives or Interest Rate Derivatives.

Classes
Type of Members, Scope of the business
Type of Member Scope of the business
Securities Market Securities member Securities
Equity securities member Equity securities (excluding collective investment securities)
Debt securities member Debt securities
Derivatives Market Derivatives member Derivatives
Equity Derivatives member Exchange-traded derivatives based on equity
Currency-Interest Rate Derivatives member Exchange-traded derivatives based on currencies or debt securities
Securities Member
Securities Member
  Clearing member Non-clearing member
  Debt securities Member
Trading rights To trade all securities listed on KRX To trade Debt securities listed on KRX To trade all securities listed on KRX
Settlement rights To settle all trades entrusted by non-clearing members and trades conducted in its own name To settle the Debt securities trades conducted in the KRX market To entrust the settlement of trades conducted to a clearing member
Derivatives Member
Derivatives Member
  Clearing member Non-clearing member
Trading
rights
To trade all Derivatives listed on KRX To trade all Derivatives listed on KRX
Settlement rights To settle all Derivatives trades entrusted by non-clearing members and trades conducted in its own name To entrust the settlement of trades conducted to a clearing member
Member Admission Requirements
Qualification
  • Permission for Investment trader & broker
Financial Factors
  • (Non-clearing member) Net Capital Ratio (hereinafter "NCR") is at least 100%
  • (Clearing member) NCR is at least 100% & Equity capital equal to or greater than the figures listed below
Minimum Equity Capital by membership category
Minimum Equity Capital by membership category
Type of Membership Equity Capital
Securities members & Derivatives members KRW 40bil.
Derivatives members
Securities members & Equity derivatives members
KRW 30bil.
Securities members
Equity derivatives members
Currency-interest rate derivatives members
KRW 20bil.
Equity securities members
Debt securities members
KRW 10bil.
Other members KRW 30bil.
Physical Factors
  • (Transaction System) For the functionality of transaction
  • (Office) Necessary work space
Personnel Factors
  • (Necessary personnel) Qualified Personnel, 5-year professional career
Subscription Expenses
  Clearing Member Non-clearing Member Membership Withdrawal
Admission Fee KRW 200 million KRW 100 million Not refundable
Fidelity Guarantee Money KRW 1 million KRW 1 million Refundable
Contribution to Joint Compensation Fund KRW 1,000 million 1) - Refundable with interests
fn. 1)
When the members are working : Payment or refund of the fluctuated reserve fund according to the ratio of Securities trading money to the members (Securities trading members) or the ratio of the trading deposit in Derivatives markets (Derivatives trading members) is calculated in every quarter. (pursuant to article 23 & 24 of the Membership regulation)
Content Manager
  • Corporate Management 051-662-2113