Total Prize of 200 Million KRW... Hanwha Securities Hosts Domestic Stock Real Investment Competition
Stock Lottery: 10,000 Participants to Receive One Share Each
[Asia Economy Reporter Minwoo Lee] Hanwha Investment & Securities is hosting a domestic stock investment competition with a total prize pool of 200 million KRW.
Hanwha Investment & Securities announced on the 17th that it will hold the "Return of the Original! 2021 Domestic Stock Real Investment Competition" until the 17th of next month.
Hanwha Investment & Securities, which held Korea's first real investment competition in 1999, has set a total prize of 2.1854 billion KRW for this competition. Any customer holding a comprehensive or consignment account with Hanwha Investment & Securities (one account per person) can apply to participate in the real investment competition until the 17th of next month. Additionally, the first 10,000 customers who complete their application will receive one randomly selected representative stock from the industry.
The competition will be held from the 1st of next month to October 29th, divided into individual and team events. The individual event will be operated in three leagues (100 million league, 30 million league, 1 million league) with a total prize of 171 million KRW.
The winner of the 100 million league will receive 70 million KRW, the winner of the 30 million league will receive 30 million KRW, and the winner of the 1 million league will receive 1 million KRW along with a certificate. Second and third place in each league will also receive prize money.
The team event will be organized into seven regional alliances (Seoul, Gyeonggi, Gangwon, Chungcheong, Jeolla, Gyeongsang, Jeju) with a total prize of 18 million KRW. Participation in at least one regional alliance is mandatory regardless of the participant's hometown.
The first place team will receive 10 million KRW, second place 5 million KRW, and third place 3 million KRW. Hanwha Investment & Securities plans to donate an amount equal to the prize money for first to third place to local community organizations in the respective regions.
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Hanwha Investment & Securities plans to quickly provide content useful for beginners to general investors by offering the trading details of top-performing participants every 10 minutes. Additionally, weekly department store gift certificates worth 100,000 KRW will be awarded to participants with the highest weekly trading volume and highest weekly returns in each league. Furthermore, customers who actively participate in the regional alliance bulletin boards will be selected weekly to receive department store gift certificates worth 30,000 KRW.
Applications for the real investment competition can be made through the Hanwha Investment & Securities website, Home Trading System (HTS), or the mobile application "SmartM." Detailed information can be found on the Hanwha Investment & Securities website and customer center.
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Shin Choongseop, Executive Director of Channel Strategy at Hanwha Investment & Securities, said, "As the return of the original real investment competition, we have prepared an open competition that welcomes everyone from the MZ generation (Millennials + Generation Z) to stock investment experts. We will do our best to establish a healthy investment culture that fulfills social responsibility beyond simple return competitions."
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