Holidays

S. Korea’s stock markets to be closed for 10 days during Chuseok holiday

SEOUL, Sept. 17 (Yonhap) — South Korea’s stock markets will be closed for 10 straight days from Sept. 30 to Oct. 9 due to the Chuseok holiday season, the bourse operator said Sunday.

It will be the longest break in more than three decades, according to the Korea Exchange.

The government recently designated Oct. 2 a temporary holiday to bridge the weekend and Chuseok, one of the biggest holidays here, roughly equivalent to Thanksgiving in the United States.

South Koreans can take 10 days off straight, including both weekends, the three-day Chuseok holiday, the Oct. 3 National Foundation Day and the Oct. 9 Hangeul Day which commemorates the creation of the Korean alphabet.

Trading will resume on Oct. 10, the exchange said.

This photo taken on Aug. 25, 2017, shows electronic sign boards at the Korea Exchange, the operator of the country’s stock market, in Seoul. (Yonhap)

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