KakaoBank Adds Shinhan Investment Corp. to 'Securities Account Opening Application' Service

[Asia Economy Reporter Kiho Sung] KakaoBank announced on the 16th that it has added 'Shinhan Financial Investment' to the securities firms eligible for its stock account opening service.

To commemorate the partnership with Shinhan Financial Investment, KakaoBank will provide customers who open a Shinhan Financial Investment stock account for the first time by February 28 next year with a congratulatory gift of 5,000 KRW and overseas stock gift certificates totaling 35,000 KRW. The overseas stock gift certificates include a 10,000 KRW certificate upon account opening and an additional 25,000 KRW certificate when trading overseas stocks worth 1 million KRW or more.

New stock account holders at Shinhan Financial Investment will receive lifelong preferential domestic stock online trading fees, as well as preferential fee benefits for online trading of overseas stocks in six countries including the United States, Hong Kong, and China for three months.

Additionally, customers can use Shinhan Financial Investment’s ‘Investment Plus’ service free of charge for up to one month. Investment Plus is a paid subscription service providing investment information such as stock analysis, recommendations, and supply-demand analysis. This service can be subscribed to through Shinhan Financial Investment’s 'Shinhan Alpha' application. Detailed information is available on the KakaoBank website and application (app).

Since the launch of the 'Securities Firm Stock Account Opening' service in March 2019, the cumulative number of stock accounts opened has approached 5 million as of the end of October this year, receiving great response from customers. Based on the information entered when opening a KakaoBank deposit and withdrawal account, customers can open stock accounts quickly and easily without complicated data entry. KakaoBank’s 'Securities Firm Stock Account Opening Service' started with Korea Investment & Securities (March 2019), expanded to NH Investment & Securities (February last year) and KB Securities (June last year), and added Hana Financial Investment (June this year) to broaden customers’ choices of securities firms.

A KakaoBank official said, "Shinhan Financial Investment is an icon of innovation in the securities industry, having launched the first fractional overseas stock investment service," and added, "We will continue to provide differentiated convenience and benefits to customers through partnerships with various securities firms."

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