Buying Hyundai stock from Canada isn’t as simple as placing a quick order on the TSX. Unlike many large global companies, Hyundai Motor Company doesn’t trade on any North American exchange, it’s listed on the Korea Stock Exchange (KRX), which means Canadian investors need a brokerage that offers international market access or an alternative route like OTC trading.
That doesn’t make it impossible, just a few more steps than buying a TSX- or NYSE-listed stock. This guide explains where Hyundai trades, what your options are as a Canadian investor, and how to work through the process. If you’re new to the stock market entirely, our page on how to invest in the stock market in Canada covers the basics.
Where Is Hyundai Stock Listed?
Hyundai Motor Company trades on the Korea Stock Exchange (KRX) under ticker 005380. The KRX is South Korea’s primary stock exchange, and Hyundai is one of the largest companies listed on it.
The key detail for Canadian investors: Hyundai is not listed on the NYSE, NASDAQ, or TSX. There’s no primary North American listing, which is what makes the purchase more involved than, say, buying a US-listed stock from a Canadian brokerage. Shares on the KRX are denominated in Korean Won (KRW), not Canadian or US dollars.
How Can Canadian Investors Access Hyundai Stock?
There are two main routes, and which one works for you depends on what your brokerage offers.
Direct purchase on the KRX. Some brokerages operating in Canada provide access to international exchanges, including the Korea Stock Exchange. If yours does, you can buy Korean stocks from Canada directly, placing an order for Hyundai shares in KRW on the KRX. This gives you direct ownership of the underlying shares with full liquidity on the Korean exchange.
OTC (over-the-counter) trading. Hyundai shares are also available through OTC markets under tickers like HYMTF. OTC-traded shares represent the same underlying company but trade outside of a formal exchange, often with lower liquidity and wider bid-ask spreads. This route doesn’t require direct KRX access, but the trade-off is that pricing and execution may not be as favourable.
There is no widely traded Hyundai Motor ADR on a major US exchange at this time. Canadian investors seeking indirect exposure to Hyundai could look at ETFs that include Korean equities, though this changes the nature of the investment from a single-stock position to a broader basket. For a similar international purchase walkthrough, see our page on how to buy TSM stock in Canada.
What Is an International Brokerage and Do I Need One?
Most standard Canadian brokerages offer access to the TSX and US exchanges (NYSE, NASDAQ). Fewer offer access to Asian markets like the KRX. An international brokerage, or a Canadian brokerage with international market access, is one that supports trading on exchanges outside North America.
If your current brokerage doesn’t offer KRX access, you have a few options: open an account with a brokerage that does, use the OTC route through your existing account (if available), or consider an ETF with Korean equity exposure. Before opening a new account, check what international markets are supported, not all brokerages with “international access” cover the KRX specifically.
How to Buy Hyundai Stock in Canada, Step by Step
- Open or access a brokerage with KRX support. Confirm that your brokerage offers access to the Korea Stock Exchange. If it doesn’t, you’ll need to either open an account with one that does or use the OTC route.
- Fund your account and understand the currency. KRX-listed shares trade in Korean Won (KRW). Your brokerage will convert your CAD (or USD) to KRW when you place the order. Be aware that currency conversion fees apply and may be higher for KRW than for more commonly traded currencies like USD.
- Search for Hyundai Motor under ticker 005380 on the KRX. Make sure you’re looking at the correct exchange, “Hyundai” appears in connection with several related companies and subsidiaries. The parent company is Hyundai Motor Company, ticker 005380.
- Choose your order type. A market order buys at the current price. A limit order lets you set the maximum price you’re willing to pay. For less liquid international trades, a limit order can give you more control over execution price.
- Review and submit. Double-check the ticker, exchange, share quantity, and estimated cost (including currency conversion). Confirm and submit.
Currency and Market Hours for Korean Stocks
KRX shares trade in Korean Won (KRW). When you buy Hyundai from Canada, your brokerage converts your CAD to KRW at the time of the trade. The exchange rate fluctuates, and conversion fees vary by brokerage, this is an additional cost layer that doesn’t exist when buying TSX-listed stocks in CAD.
The KRX operates from 9:00 a.m. to 3:30 p.m. Korean Standard Time (KST), which is 13 to 14 hours ahead of Eastern Time depending on daylight saving. In practical terms, that means the Korean market is open during the evening and overnight hours for Canadian investors. Some brokerages allow you to place orders outside market hours for execution when the exchange opens.
Tax Considerations for Canadian Investors Buying Korean Stocks
Profits from selling Hyundai shares are treated as capital gains under Canadian tax law, with the standard 50% inclusion rate. If Hyundai pays dividends, South Korea applies a withholding tax on dividends paid to foreign investors, the rate depends on applicable tax treaties between Canada and South Korea.
Registered accounts add another layer. RRSPs may benefit from tax treaty provisions that reduce or eliminate foreign withholding tax for some countries, but this can vary for non-US stocks. TFSAs generally do not benefit from foreign tax treaties, meaning foreign withholding tax on dividends is typically not recoverable. Because the treatment of Korean-sourced income in Canadian registered accounts involves specific rules, consulting a tax professional is a practical step before investing.
Frequently Asked Questions
Yes, but it requires a brokerage with access to the Korea Stock Exchange (KRX), where Hyundai Motor trades under ticker 005380. Not all Canadian brokerages offer this access.
No. Hyundai Motor Company is not listed on the NYSE, NASDAQ, or TSX. It trades primarily on the Korea Stock Exchange (KRX). OTC options exist but with lower liquidity.
Hyundai Motor Company trades on the Korea Stock Exchange under ticker 005380.KS. OTC tickers may differ, check with your brokerage for the exact identifier they use.
KRX-listed Hyundai shares are priced in Korean Won (KRW). Your brokerage handles the conversion from CAD (or USD) to KRW, and currency fees apply.
The KRX operates from 9:00 a.m. to 3:30 p.m. Korean Standard Time (KST), which is 13 to 14 hours ahead of Eastern Time. Canadian investors trading KRX stocks are typically doing so outside normal North American business hours.
Hyundai Motor has historically paid dividends. South Korea applies a withholding tax on dividends paid to foreign investors. Consult a tax professional regarding your specific situation.
This depends on your brokerage and account type. Foreign stocks listed outside the US may have restrictions in registered accounts, and withholding tax treatment varies. Check with your brokerage and a tax adviser.
There is no widely traded Hyundai Motor ADR on a major US exchange at this time. Canadian investors seeking indirect exposure may consider ETFs that include Korean equities, though this changes the nature of the investment from a single-stock position to a diversified basket.
The information provided on this website is for educational and informational purposes only and should not be construed as financial, investment, or trading advice. We are not licensed financial advisors, brokers, or dealers. Always conduct your own research and consult with a qualified financial professional before making any investment decisions. Past performance is not indicative of future results, and all investments carry risk, including the potential loss of principal.
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