Shinhan's 'Overseas Stock Stockback Service' Buying Google Shares with Mileage Designated as Innovative Financial Service

Cashback and Mileage Enable Fractional Trading of Overseas Stocks
Selected as the Third Innovative Financial Service by the Financial Services Commission

[Asia Economy Reporter Minwoo Lee] Shinhan Financial Investment's overseas stock fractional purchase service has been selected as an innovative financial service by the government.

Shinhan Financial Investment announced on the 24th that its 'Overseas Stock Stockback Service' has been designated as an innovative financial service by the Financial Services Commission.

This service allows the purchase of shares of leading overseas companies in fractional amounts using mileage or cashback from partner companies. Mileage, cashback, and other accumulated services that expire or are forgotten can be used as funds to purchase overseas stocks. It is an expansion of small-amount investment products based on Shinhan Financial Investment's industry-first 'Overseas Stock Fractional Trading Service.'

This is the third time Shinhan Financial Investment's service has been designated as an innovative financial service by the Financial Services Commission. Previously, in July and December of last year, the 'Overseas Stock Fractional Service' and 'Overseas Stock Gift Voucher (Gifticon) Service' were selected. The 'Overseas Stock Fractional Service' has already been launched, and the other two services are scheduled to be launched within this year.

A Shinhan Financial Investment official stated, "In addition, we are leading innovative finance by collaborating with innovative financial service providers such as 'Casa Korea,' a digital real estate revenue certificate distribution platform provider, and 'Directional,' a stock lending platform provider for individual investors."

This content was produced with the assistance of AI translation services.