Bankis Surpasses 4 Million Accounts... 4,700 People Visit Daily

[Asia Economy Reporter Junho Hwang] Korea Investment & Securities announced on the 3rd that the cumulative number of BanKIS accounts surpassed 4 million on the 29th of last month. BanKIS is Korea Investment & Securities' online stock trading service, which can be opened non-face-to-face or through commercial banks.

In 2019 alone, BanKIS added 1.35 million accounts, and last year, 1.7 million accounts, totaling 3.3 million new accounts over two years. This means more than 4,300 accounts were created daily on average. Compared to 700,000 cumulative accounts in 2018, this is a 471% increase.

The non-face-to-face stock account opening service launched in March 2019 in collaboration with KakaoBank was the catalyst. It gained popularity among younger generations due to the convenience of opening stock accounts without a separate personal information input process. The proportion of customers in their 20s and 30s, which was only 37% of the total customers at the end of 2018, has significantly increased to 57% as of this year.

President Ilmoon Jung said, "The zero interest rate policy led individual investors who lost investment options to flood into the stock market, and the KOSPI, which had sharply dropped due to the spread of COVID-19, steadily rose, opening the era of 3,000 points for the first time in history, which had a significant market impact. We will continuously secure new customers through partnerships with online platform companies and lead digital financial life by providing various domestic and international financial products."

Meanwhile, Korea Investment & Securities provides one representative domestic stock by lottery when opening a BanKIS non-face-to-face new account for the first time. If you apply for overseas securities trading, you will receive one ETF on a first-come, first-served basis along with free real-time US quotes.

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