Introduction
Members_Membership
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 CAPITAL MARKET AND FINANCIAL INVESTMENT BUSINESS ACT is
eligible to become a member of the Exchange.
=> An applicant who wishes to become the KRX member should obtain the permit for the investment trading or investment brokerage business
to deal with Securities, Equity securities, Debt securities, Derivatives or Equity Derivatives.
Classes
| Type of members | Scope of the business | |
|---|---|---|
| Securities Members | Securities | |
| Equity securities member | Equity securities | |
| Debt securities member | Debt securities | |
| Derivatives Members | Derivatives | |
| Equity Derivatives member | Exchange-traded derivatives based on equity price index | |
Securities Member
| Clearing member | Non-clearing member | ||
|---|---|---|---|
| Type of members | |||
| 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
| Clearing member | Non-clearing member | |
|---|---|---|
| Trading rights |
To trade all Derivatives &Options contracts listed on KRX | To trade all Derivatives &Options contracts listed on KRX |
| Settlement rights | To entrust the settlement of trades conducted to a clearing member | To settle the Debt securities trades conducted in the KRX market |
Member Admission Requirements
Qualification
- Permission for Investment trader &dealer
Financial Factors
- (Clearing member) NCR over 180% & Equity Capital over 10 Bil. KRW
- (Non-clearing member) NCR over 150%
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 * | - | Refundable with interests |
* 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)
- Contents Manager :
- Management Strategy Division/Member Firm Services/Ha MI Yang(051-662-2113)
※ Data and information on the KRX website are provided for the purpose of improving availability of information for investment, not for trading securities. In spite of the efforts made in ensuring the accuracy of data and information, the KRX recognizes that unintentional and chance errors and delays occur. The KRX is not responsible for any loss resulted from the investments made using the data and information provided on its website.
