Warrants

South Korea (KRX)

Order Placement Via your designated Trading Representative

 

Trading lot Not fixed
Live price Via your designated Trading Representative
Exchange KRX
Minimum quantity Price Intervals Tick Size
less than KRW 2,000 KRW 1
KRW 2,000 ~ KRW 5,000 KRW 5
KRW 5,000 ~ KRW 20,000 KRW 10
KRW 20,000 ~ KRW 50,000 KRW 50
KRW 50,000 ~ KRW 200,000 KRW 100
KRW 200,000 ~ KRW 500,000 KRW 500
greater than or equal to KRW 500,000 KRW 1,000

Please note that trading in the KRX is only applicable to non-citizens and non-residents of South Korea, as well as people who do not hold any property in South Korea.

Securities Transaction Tax (Sell only) 0.18%^

Note: All fees and charges are subject to Goods & Services Tax (GST). Fees & charges may be subject to changes without prior notice. Please click here for custodian charges.

^With effect from 27 Dec 2023, South Korea’s Securities Tax (Sell only) will be revised to 0.18%.

Singapore time (Mon – Fri) 08:00am – 02:30pm
Korea time (Mon – Fri) 09:00am – 03:30pm
Settlement Date1 T+2 market days
Settlement Currency SGD
Order Amalgamation No
Contra Trading Yes
CPF settlement No

Note: For payment methods, please click here.

  1. Limit order – order will be executed at order price or better.
  2. All orders are only valid for one trading day. Orders not done will be cancelled at the end of each trading day.
  3. Starts on last Sunday of March and ends last Sunday of October.
  4. Should the due date coincide with Singapore public holiday/s – The due date will follow the traded market’s due date.

2024

Month Day Date Holidays Settlement Trading Day
January Monday 1 January New Year’s Day No No
February Friday 9 February Lunar New Year No No
Monday 12 February Lunar New Year No No
March Friday 1 March Independence Movement Day No No
May Wednesday 1 May Labour Day No No
Monday 6 May Children’s Day Obs No No
Wednesday 15 May Buddha’s Birthday No No
June Thursday 6 June Memorial Day No No
August Thursday 15 August Independence Day No No
September Monday 16 September Harvest Moon Festival Eve No No
Tuesday 17 September Harvest Moon Day (chusok) No No
Wednesday 18 September Harvest Moon Day (chusok) No No
October Thursday 3 October National Foundation Day No No
Wednesday 9 October Hangul Day No No
December Wednesday 25 December Christmas Day No No
Tuesday 31 December Last Working Day Of Year No No

Note: Information is correct at time of posting

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IMPORTANT INFORMATION

This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

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Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

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The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

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Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com