Samsung Securities Lowers Online Overseas Stock Trading Fee by 0.09% for New Customers

New Customers Enjoy Drastic Fee Reduction: 0.09% for Online Overseas Stocks, 0.045% for Overseas ETFs
Up to 95% Exchange Rate Discount and Free Real-Time Quotes Also Offered

[Asia Economy Reporter Song Hwajeong] Samsung Securities will drastically reduce overseas stock trading fees to support the growing overseas stock investments by Donghak Ants.

On the 22nd, Samsung Securities announced that it will lower the online overseas stock trading fee for new customers to 0.09% based on US stock purchases, and the fees for overseas Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs) to 0.045%. (When selling, the US Securities and Exchange Commission (SEC) fee of 0.00221% is charged separately.)

The reduced fees are among the lowest in the industry, and especially the fees for overseas ETFs and ETNs are a groundbreaking level, only about half of the lowest fees among major firms. Along with the fee reduction, new online customers will also receive up to 95% preferential foreign exchange rates by country (based on the US dollar, applying the transaction base rate + spread of 0.05%) and free real-time quotes.

In addition to these preferential benefits, Samsung Securities has introduced various non-face-to-face (untact) services to address the biggest obstacle in overseas investment: lack of investment information. First, under the name "Global ETF Monitor," it provides the industry's first ETF-dedicated video service. Through weekly videos, it introduces various ETFs from global markets and market conditions in an easy-to-understand manner. Since June, it has also created video explanation materials focusing on promising stocks in the US and Chinese markets for individual overseas stocks and provides them to customers. The real-time online seminar "Samsung Securities Live" focuses on overseas stock themes such as "Which US stocks are good to buy now?" and "Find the Samsung Electronics of China," delivering diverse information.

According to Samsung Securities, the number of overseas stock trading customers this year until the 17th has increased more than 4.1 times compared to the same period last year, reaching 73,000, showing a clear globalization of money movement. A notable feature in overseas stock trading is the untact trend and millennials. As of the end of June, the proportion of customers trading overseas stocks non-face-to-face reached 58.9% of all overseas stock trading customers. This is an increase of 35.4 percentage points compared to 23.5% in the same month last year. The non-face-to-face overseas stock trading amount at Samsung Securities also reached 3.5 trillion KRW from the beginning of the year to the 17th, already more than seven times the total non-face-to-face overseas stock trading amount of last year.

Along with the untact trend in overseas stocks, the increase in the 2030 generation classified as the "millennial generation" was also remarkable. As of the end of June, the number of non-face-to-face overseas stock customers in their 20s and 30s increased by 12.3 times and 9.5 times respectively compared to the same period last year, accounting for the largest proportion (63.7%) among all age groups.

Sa Jaehoon, Head of Retail Division at Samsung Securities, said, "With the start of ultra-low interest rates this year, money movement has accelerated, with new inflows of assets reaching 20 trillion KRW and 310,000 new customers in our retail division alone, and WM deposit assets reaching 205 trillion KRW." He added, "We plan to lead the globalization of money movement by fully supporting the Donghak Ant investors whose activities are expanding to global stocks, by providing benefits in trading costs, enhancing convenience, and offering easy-to-understand untact investment information."

For more details about Samsung Securities' overseas stock fee event, please check the Samsung Securities event page, and for the online ETF·ETN trading event, visit the Samsung Securities website.

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