[Edaily Reporter Kwon Oh Seok ] It has been decided that trading in exchange-traded products (ETPs) will be excluded from the Korea Exchange’s after-hours market (4:00 p.m. to 8:00 p.m.), which is scheduled to open next month.

According to the financial investment industry and other sources on the 28th, financial authorities and the Korea Exchange are pushing to include exchange-traded products (ETPs) among the instruments excluded from trading in the revised implementation rules for the after-market, which are set to be announced shortly.
If the amendments are finalized, trading of all ETPs—including exchange-traded funds (ETFs) and exchange-traded notes (ETNs)—is expected to be completely restricted during the after-hours market.
Previously, the Korea Exchange had been accelerating preparations for the introduction of an after-market—scheduled to open on the 14th of next month and operate from 4:00 p.m. to 8:00 p.m.—to meet that deadline.
Initially, the Korea Exchange had planned to allow after-market trading of various ETP products, including ETFs. However, it is believed that the exchange proactively withdrew this plan following criticism that single-stock leveraged and inverse ETFs—based on assets such as SamsungElectronics(005930)and SK hynix(000660) —had further exacerbated market volatility amid the recent global semiconductor market correction.
Industry observers expect a notice of proposed amendments to the implementing rules to be issued shortly.