We study those Köthe coechelon sequence spaces $k_p\left(V\right)$, 1 ≤ p ≤ ∞ or p = 0, which are locally convex (Riesz) algebras for pointwise multiplication. We characterize in terms of the matrix V = (vₙ)ₙ when an algebra $k_p\left(V\right)$ is unital, locally m-convex, a -algebra, has a continuous (quasi)-inverse, all entire functions act on it or some transcendental entire functions act on it. It is proved that all multiplicative functionals are continuous and a precise description of all regular and all degenerate maximal ideals...