Kiwoom Securities Records 117,000 New Accounts This Year... Daily Contract Amount Hits Record High

[Asia Economy Reporter Oh Ju-yeon] Kiwoom Securities set an all-time record for the daily contract amount of domestic stocks and the number of newly opened accounts on the 5th.

On the 6th, Kiwoom Securities announced that as the KOSPI reached the 3000 mark for the first time in history, the daily contract amount of domestic stocks recorded 19.2 trillion KRW on the 4th and surpassed 22.9 trillion KRW on the 5th, achieving an all-time high. This is a record set about two months after breaking the previous high of approximately 20.1 trillion KRW on November 25 last year.

Kiwoom Securities' early dominance in the non-face-to-face account opening market has continued to stand out this year as well.

On the first trading day of the new year, the 4th, about 33,925 new accounts were opened in a single day, setting a new daily record for new account openings, and on the 5th, 39,756 accounts were opened, surpassing the record in just one day. The company explained that more than 117,000 new accounts have already been opened this year.

With the increase in market trading volume and the expansion of individual investors' participation in the stock market, Kiwoom Securities recorded an average daily contract amount of 11.7 trillion KRW last year, marking a 196% increase compared to the previous year.

Additionally, in December last year, 502,000 new accounts were opened, surpassing the previous monthly record of 431,000 new accounts set in March.

New accounts opened in the fourth quarter alone totaled 955,000, accounting for 28.6% of the total 3,334,000 new accounts opened at Kiwoom Securities last year.

The number of new account openings showed a steady increase throughout last year, breaking the record in December and raising expectations for 2021.

Not only in domestic stocks but also in the overseas stock sector, a significant upward trend was recorded. In 2020, overseas stock contracts increased by an astonishing 1,974% compared to the previous year, and especially in December, the contract amount exceeded approximately 910 million KRW, setting an all-time high and showing an upward curve.

Kiwoom Securities expects to continue its upward trend this year, surpassing last year's retail performance indicators.

A Kiwoom Securities official stated, "Kiwoom Securities' growth is expected to continue in 2021 as the increase in market trading volume and active participation of individuals persist," adding, "This year, we plan to strengthen our financial platform through not only domestic stocks but also overseas stocks, overseas derivatives, funds, domestic and foreign bonds, and ELS, while enhancing asset management capabilities through online asset management using robo-advisors."

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