1. order placement
Even though the trading session begins at 09:00, the Korean
Stock Exchange receives orders from 07:58.
2. Type of orders
1) Limit order: Investors designate the exact price and quantity
2) Market order: Investors designate only the quantity without
price.
The orders are executed at the market price.
3) Conditional market order: Investors designate the exact
price and quantity.
If the execution is not filled, the amount unfilled is converted
to market order.
4) Closing price order: This type of order is available from
15:10 to 16:00
(i.e. after-hour trading). Investors designate the quantity
at the day's closing price.
3. Order Priority
1) Price: The highest bid and the lowest offer have priority
over other orders.
2) Time:
A. When orders are placed at the same price, the earliest
bid/offer have priority over others
B. However, in the following cases, the time of order placement
does not make any difference
i. All orders that are placed before the regular trading
session (07:58 ~ 09:00)
ii. During the last 10 minutes of the regular trading session
(14:50 ~ 15:00)
3) Size: When orders from investors are placed at the same
time and at the same price,
the larger order will have priority over others.
4) Client: When orders from clients and the brokerage's own
funds are placed at the same
time and at the same price, orders from clients have priority.
4. After-hour trading
- During the after-hour trading session, all transactions
are executed at closing price of the regular
session.
- During the after-hour trading session, previous orders that
have been placed during the regular trading
session are not valid. Therefore, investors must input new
orders
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SP <
KRW 10,000 
15%