Korea Exchange sets up plan for shorter settlement for stock trading

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SEOUL, Nov. 2 (Yonhap) -- The Korea Exchange (KRX) on Monday unveiled a plan to shorten a cycle for stock settlement, in what could be a major overhaul to improve efficiency for the equity market.

Since 1972, South Korea has adopted a stock settlement system that allows investors to settle their transactions two business days after their trades. Under the envisioned plan, investors would be allowed to settle their transactions one business day afterward, the KRX said in a statement.

Relevant authorities plan to complete building infrastructure to shorten the cycle for stock settlement by October 2027, it said. If things go smoothly, the shorter settlement system is likely to be implemented fully in 2028.

The plan is aimed at "advancing the settlement cycle by one day and reducing settlement risks in the securities market," the KRX stressed.

It added the change will enable "investors who sold stocks to receive the proceeds the following day" while reducing risks and workload by promoting industry automation and standardization, it said.

The building of the Korea Exchange, South Korea's main bourse operator (Yonhap)

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Korea Exchange sets up plan for shorter settlement for stock trading

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首尔，11月2日（韩联社）——韩国交易所（KRX）周一公布了一项缩短股票结算周期的计划，这可能是对股票市场效率进行重大改革的举措。

自1972年以来，韩国一直采用股票结算系统，允许投资者在交易完成后两个工作日内完成结算。韩国交易所（KRX）在一份声明中表示，根据设想的方案，投资者将被允许在交易完成后一个工作日内完成结算。

相关部门计划在2027年10月前完成缩短存货结算周期的基础设施建设。如果进展顺利，缩短结算周期的制度有望在2028年全面实施。

韩国交易所强调，该计划旨在“将结算周期提前一天，降低证券市场的结算风险”。

该公司补充说，这一变化将使“出售股票的投资者能够在第二天收到收益”，同时通过促进行业自动化和标准化来降低风险和工作量。

韩国交易所大楼，韩国主要证券交易所运营商（韩联社）

（导语）首尔股市开盘走低，令人失望的科技公司财报引发人工智能支出担忧

韩国交易所制定缩短股票交易结算周期的计划