- What is the KRX Commodity Market?
- The KRX Commodity Market is a market dedicated to spot trading, which has been established based on abundant physical and human resources infrastructure and an ample experience in market operation of the KRX.
- Establishment of the Commodity Market
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The KRX has opened the petroleum, gold and emissions trading markets in response to the government’s policies for oil price stabilization, legalization of gold trading and low-carbon green growth. Currently, gasoline, diesel oil, kerosene, gold and emissions permit are being traded in the market.
< Establishment of KRX Commodity Market > Date Led by Key Details June 2010 Government
(Crisis Management Countermeasure Meeting)Announcement of a plan to establish a commodity (gold) exchange (to bring the underground trading of gold into the open) April 2011 Government
(Economic Strategy Adjustment Meeting)Announcement of a plan to improve transparency and boost competition in the petroleum market (to lower the oil price) March 2012 KRX Launching of the petroleum market - Contribution to the government’s policy for advancement of petroleum distribution structure
July 2013 Financial Services Commission Announcement of a plan to bring the underground gold trading into the open by establishing a gold spot market January 2014 Ministry of Environment Designation of the KRX as an exchange for greenhouse gas emissions trading (Low-carbon green growth) March 2014 KRX Launching of the gold market - The government shed light on the underground economy and supported the vitalization of the gold industry.
January 2015 KRX Launching of the emissions trading market - Taking the first mover advantage in the international climate change issues and implementing the emissions trading system