The Korean stock and foreign exchange markets will be closed on January 27 for a temporary holiday, announced market operators on Friday.
This closure will affect all major financial markets, including the Korea Composite Stock Price Index (KOSPI), the tech-focused Kosdaq, as well as the exchange-traded funds (ETF), derivatives, and commodity markets. Trading will resume on January 30, marking an extended six-day break.
The government designated January 27 as a special public holiday to stimulate domestic demand, coinciding with the lead-up to the Lunar New Year holiday. This annual event is one of the most important traditional holidays in South Korea, with many citizens traveling to their hometowns for ancestral rites and family reunions.
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