Korea Exchange sets up plan for shorter settlement for stock trading
SEOUL, Nov. 2 (Yonhap) -- The Korea Exchange (KRX) on Monday unveiled a plan to ...
On November 2, the Korea Exchange (KRX) announced plans to shorten the stock settlement cycle, potentially revolutionizing the efficiency of the equity market. The current system, in place since 1972, requires investors to settle trades two business days after the transaction. The new proposal would allow for settlement one business day later, according to the KRX's statement.
Authorities aim to complete infrastructure development to implement this change by October 2027. If successful, the shorter settlement system could be fully operational by 2028. The primary objectives of this plan are to reduce settlement risks in the securities market and streamline the process through automation and standardization.
This change would enable investors who sold stocks to receive the proceeds on the following day, while also decreasing the associated risks and workload.
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