Korea Opens Gold Trading Exchange

      March 24, 2014 11:50

      Korea's first gold trading market opened on Monday morning. Trading takes place between 10 a.m. to 3 p.m. from Monday to Friday dealing 1 kg gold bullion of 99 percent purity.

      The bars can be traded per gram. No commission will be charged on trading for the first year, a spokesman for the Korea Exchange said Sunday.

      Eight brokerages and 49 traders have been licensed for trading. Investors need to open accounts with the brokerages or traders' offices.

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