NH Investment & Securities Opens Fractional Trading Service for Overseas Stocks

[Asia Economy Reporter Lee Seon-ae] NH Investment & Securities announced that starting from the 13th, it has launched the ‘Overseas Stock Fractional Trading’ service, which allows buying and selling of high-quality U.S. stocks and exchange-traded funds (ETFs) listed in the U.S. in fractional shares less than one share.

Overseas stock fractional trading is a service that enables buying and selling of expensive U.S. stocks or ETFs in small amounts (minimum order amount of 1,000 KRW) starting from 0.000001 shares. For example, Berkshire Hathaway (Class A), the world’s most expensive stock with Warren Buffett as CEO, can be traded with a minimum of 1,000 KRW, and NH Investment & Securities is the only securities firm offering fractional trading among those that provide this service.

Due to the surge of “Seohak Gaemi” (Korean investors investing in overseas stocks), the amount of foreign currency securities held surpassed 100 billion USD for the first time at the end of last month. As the number of Seohak Gaemi investing in overseas stocks increased, so did the number of investors wanting to invest in high-priced U.S. blue-chip stocks. Reflecting these investors’ needs, NH Investment & Securities opened the overseas stock fractional trading service, which can be used after application with just a stock trading account on QV or NAMUH, without the need to install a separate application.

Additionally, orders can be placed 24 hours a day without needing to match the U.S. stock market regular trading hours (23:30?06:00), enhancing investor convenience. Since orders are placed in Korean won, the inconvenience of currency exchange is also resolved. The stocks eligible for fractional trading include 287 stocks and 22 ETFs listed on the U.S. market, covering most of the stocks that overseas investors are interested in, with plans for continuous expansion.

Kim Doo-heon, Executive Director of NH Investment & Securities Digital Solutions Headquarters, stated, “By introducing the overseas stock fractional trading service, we eliminated the hassle by allowing trading with existing accounts without separate app installation or account opening.” He added, “As anyone can now own representative blue-chip assets, we will continue to provide various services to naturally establish a sound investment culture.”

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