Eugene Investment & Securities "Fee Waiver for Affiliated Institutions Starting Today"

[Asia Economy Reporter Minji Lee] Eugene Investment & Securities announced on the 14th that it will apply the exemption of related institution fees following the temporary waiver decision of transaction fees and securities company fees by the Korea Exchange and the Korea Securities Depository.

As a result of this decision, Eugene Investment & Securities customers will receive a reduced fee rate lowered by 0.0036396% from the previously applied stock trading fee rate.

Until now, domestic securities companies have paid the Korea Exchange 0.0027209% of the transaction amount as trading fees and clearing settlement fees, and the Korea Securities Depository 0.0009187% of the transaction amount as substitute settlement fees. On the 10th, considering the difficult economic conditions and to establish a foundation for the continuous growth of the capital market, the two institutions decided to temporarily waive transaction fees and securities company fees until the end of this year.

Min Byung-don, Head of WM Division at Eugene Investment & Securities, said, “We sympathize with the Korea Exchange and Korea Securities Depository’s decision to temporarily waive fees and have decided to participate in the exemption policy. To provide faster benefits to Eugene Investment & Securities customers, we have deployed company-wide capabilities to restructure the infrastructure for fee reduction, and as a result, it can be applied starting today.”

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