Why Proceeds from Stocks Sold on September 23 Settle on 29 After the Chuseok Holiday
If a sale of Korean stocks was executed on Wednesday, September 23, the proceeds will be paid on Tuesday, September 29. This is because the 2026 Chuseok holiday runs from September 24 through 27, and Korean stocks follow the T+2 settlement system, under which trades settle on the second trading day after the transaction date. Therefore, if you sold stocks on 23 but cannot immediately withdraw the proceeds from your brokerage account, this is part of the normal settlement process during this holiday period