Korea POS Securities Expands and Revamps Robo-Advisor Service

[Asia Economy Reporter Minji Lee] Korea FOSS Securities announced on the 20th that it has expanded and revamped its robo-advisor service. This revamp was prepared to provide investment guidance to beginner investors who have difficulty selecting investment targets and modern individuals who need asset management.

A robo-advisor is a service where a robot manages assets using algorithms. By using Korea FOSS Securities' FOSS app, easy investment is possible. By simply entering information such as investment purpose, preference, amount, and period, a personalized portfolio is created. Since there is no human intervention, objective operation is possible, and it is also cost-effective.

Photo by Korea POS Securities

The robo-advisor operated by Korea FOSS Securities showed stable performance even in the volatile market caused by the COVID-19 pandemic in the first half of this year. Asset management, which was previously available only to high-net-worth individuals through robo-advisors, can now be accessed by anyone without visiting a branch. Regular rebalancing is also possible. It features continuous monitoring of global market conditions and risk factor-based response management.

The newly added companies are Quarterback and DNA. With this, Korea FOSS Securities now offers a total of 35 portfolios from 4 companies, including Fount and December. All these companies have passed reliability and safety tests. The minimum investment amount is 100,000 KRW, making it accessible to small investors, and no additional costs such as robo-management fees or performance fees are incurred.

To celebrate this revamp, Korea FOSS Securities will hold a subscription congratulatory event for robo-advisor customers for two months until October 17. Detailed information can be found on the FOSS app.

Seunghyun Kim, Executive Director of Sales at Korea FOSS Securities, stated, “The volatility management and consistent performance of the robo-advisor will serve as a lighthouse to help investors who find asset management difficult with long-term investment.” He added, “Additionally, with the launch of the fund transfer service and fund collateral loan service, we will further strengthen our expertise as a securities company specialized in fund services.”

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