Purchase Financial Investment Product Coupons Online and Even 'Gift' Them

KB Securities Designated as Innovative Financial Service for Coupon Distribution
Also Launches Mobile Pension Integrated Analysis and Advisory Service

[Asia Economy Reporter Kim Hyo-jin] A pilot service allowing the purchase or gifting of financial investment product coupons on online shopping platforms will be launched.

According to financial authorities on the 23rd, the Financial Services Commission designated four new innovative financial services, including this one, at its regular meeting the day before. Since the implementation of the financial regulatory sandbox system in April last year, a total of 110 innovative financial services have been designated.

KB Securities will introduce a financial investment product coupon distribution service through online shopping platforms in February next year. This service allows customers to purchase and gift financial investment product coupons issued by securities firms via online platforms and use them when purchasing financial investment products on the respective securities firm's trading platform.

The financial authorities granted a special exemption stating that the act of online platform operators selling and distributing financial investment product coupons does not constitute investment brokerage business. The authorities expect this to expand investment opportunities for consumers and enhance investment convenience.

Dumulmeori Investment Advisory will launch a service in December that integrates and analyzes customers' enrolled pensions to estimate expected pension receipts and provide advice on pension products and others. To facilitate this, the financial authorities granted a special exemption to include insurance products such as pensions within the scope of advisory products.

Hana Bank and Wadiz Platform plan to launch a service in January next year where a trust company receives intellectual property rights held by small and medium-sized enterprises (SMEs) in trust, issues beneficiary certificates, and recruits investors for these beneficiary certificates through crowdfunding.

This is a result of granting a special exemption allowing the issuance of beneficiary certificates under the intellectual property trust contract by the trust operator (Hana Bank) and brokerage by an online small-amount investment brokerage operator (Wadiz Platform).

The financial authorities explained that SMEs will be able to raise funds based on intellectual property rights, and investors will be provided with investment opportunities in intellectual property rights that generate royalty income.

KCB will launch a service next month that encrypts personal credit information held by different institutions using homomorphic encryption technology, combines and analyzes it, and develops and provides models. Homomorphic encryption technology is a cryptographic algorithm that allows computations on encrypted data to produce results identical to those obtained from computations on unencrypted data.

Innovative financial services benefit from the financial regulatory sandbox (a pilot operation system for financial services) introduced under the Special Act on Support for Financial Innovation. Once designated as an innovative financial service, companies can operate the service with regulatory approvals and business conduct regulations waived or deferred for up to four years.

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