Kiwoom Securities Opens Global Integrated Margin Service

[Asia Economy Reporter Park Jihwan] Kiwoom Securities announced on the 16th that it will launch a global integrated margin service that allows cross-trading between domestic and overseas stock markets without separate currency exchange.

The global integrated margin service enables trading using deposited funds or available order amounts other than the local trading currency as margin when buying and selling domestic and overseas stocks, and automatically converts the necessary amount into the local trading currency on the settlement date.

When using the global integrated margin service, overseas stocks can be purchased in Korean won calculated at the final exchange rate of the previous business day. When selling overseas stocks, reinvestment in domestic stocks is possible immediately even before settlement, and vice versa. Investors can conveniently trade across domestic and international markets in a timely manner without the inconvenience of waiting for currency exchange and settlement dates.

For example, if you sell domestic stocks worth 1 million won and want to buy overseas stocks with the proceeds, trading was only possible two days after the domestic settlement date. However, by using the integrated margin service, you can purchase overseas stocks with the amount scheduled for settlement from the domestic stock sale. Also, customers holding dollars or euros could trade domestic stocks only after converting to Korean won, but with the global integrated margin service, trading is possible immediately without separate currency exchange.

The service covers a total of 10 countries: Korea, the United States, China, Hong Kong, Japan, France, Germany, Italy, Singapore, and Indonesia. Japanese, Indonesian, and European stocks can only be traded through Youngwoom Global (HTS) or Night Desk (1544-8400).

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