South Korean Financial Markets to Close on Local Election Day

South Korean financial markets will be closed on June 3 for local elections, according to the Korea Exchange. This closure will affect the main KOSPI index, the KOSDAQ index focused on technology stocks, as well as exchange-traded funds, derivatives, and commodities markets including oil and gold. According to Jin10, the Korea Exchange also announced that the financial markets will observe a holiday on July 17 for Constitution Day, marking the first time in 18 years that this day will be recognized as a public holiday.