Exchange to Apply Single Price Trading Next Year, Reveals 24 Low-Liquidity Stocks

Korea Exchange, Yeouido, Seoul. Photo by Jinhyung Kang aymsdream@

The Korea Exchange announced on the 10th a preliminary selection of 24 low-liquidity stocks, which will be subject to single-price trading next year due to their low trading frequency.

The stocks finally confirmed as low-liquidity stocks subject to single-price trading will be traded using a 30-minute interval single-price trading method for one year starting next year.

In the KOSPI market, 22 stocks including Gyeyang Electric Preferred, Nexen Preferred, and Miwon Holdings were designated as preliminary stocks.

In the KOSDAQ market, two stocks including Daeho Special Steel Preferred and Softcen Preferred were included.

The Exchange plans to finalize the stocks subject to single-price trading by evaluating the designation of liquidity providers (LP) and liquidity levels on the 30th.

After designation, the status of LP contracts and liquidity levels will be reflected monthly, allowing stocks to be excluded from or re-applied to the list of low-liquidity stocks subject to single-price trading.