KB Securities Overseas Stock KRW Trading Service Surpasses 1 Million Subscribers

Surpassed in Two and a Half Years Since Launch... 520,000 Increase This Year

[Asia Economy Reporter Minwoo Lee] The number of subscribers to KB Securities' overseas stock trading service in Korean won has surpassed 1 million in about two and a half years.

KB Securities announced on the 2nd that the number of subscribers to the 'Global One Market' service has exceeded 1 million. It took 2 years and 8 months since its launch in January 2019. Notably, 520,000 new subscribers joined in just 8 months this year.

The 'Global One Market' service is an integrated margin service that allows trading stocks in six markets?Korea, the United States, China A-shares (through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect), Hong Kong, Japan, and Vietnam?in Korean won without currency exchange.

KB Securities cited the following reasons for the increase in subscribers: ▲ the ability to conduct cross-market trading using held Korean won without currency exchange procedures ▲ no currency exchange fees when trading overseas stocks. It is also advantageous that overseas stocks can be purchased in Korean won calculated at the most recent exchange rate or the next day's initial official exchange rate, and that when selling overseas stocks, reinvestment into domestic stocks on the same or next day is possible even in unsettled status, and vice versa.

Meanwhile, KB Securities is expanding benefits supporting overseas stock investment. The 'KB Global Foreign Currency Investment Account,' provided through a business partnership with KB Kookmin Bank, allows foreign currency deposited in the account to be used immediately for overseas stock trading via KB Securities. This means that foreign currency deposit and withdrawal transactions and overseas stock trading can be conducted simultaneously within a single account. Additionally, starting this year, real-time free quotes for U.S. and Chinese stocks have been offered to all customers.

Lee Hong-gu, Head of WM Division at KB Securities, stated, "We will continue to develop services that meet diverse customer needs based on the industry's top-level overseas stock trading infrastructure and capabilities, fulfilling our role as a lifelong financial partner for the people."

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