Kiwoom Securities, $40 Investment Support Fund Event for U.S. Stock Trading

[Asia Economy Reporter Ji-hwan Park] Kiwoom Securities announced on the 31st that it will hold the events "Start U.S. Stock Trading with $40" and "Transfer Overseas Stocks to Kiwoom" for three months from January 1 to March 31 next year.

The "Start U.S. Stock Trading with $40" event provides a $40 investment support fund to the customer’s account immediately upon application for first-time new customers of Kiwoom Securities during the event period. Customers can purchase U.S. stocks priced at $40 or less using the deposited $40, or deposit additional funds to purchase U.S. stocks priced above $40. The $40 support fund must be used to purchase U.S. stocks within 30 days from the application date, and if unused, it will be automatically withdrawn after 30 days. Since withdrawals equivalent to $40 are restricted for 45 days from the deposit, profit and loss conversion and withdrawal are possible only after 45 days from the application date.

The "Transfer Overseas Stocks to Kiwoom" event provides cash rewards based on the net inflow amount of overseas stocks during the event period. For net inflows of 10 million KRW or more, cash rewards start from 10,000 KRW, and for net inflows of 100 million KRW or more, 150,000 KRW is paid. Additionally, if customers trade overseas stocks worth 10 million KRW or more after depositing overseas stocks, they receive double the payment amount. Customers who deposit overseas stocks worth 100 million KRW or more and trade 10 million KRW or more can receive up to 300,000 KRW.

A Kiwoom Securities representative said, "The $40 U.S. stock payment event reduces the burden of trading U.S. stocks for new customers and provides an opportunity to start trading U.S. stocks with Kiwoom Securities." They added, "The overseas stock transfer event encourages active participation by doubling cash payments for trades of 10 million KRW or more. We are also running a 0.07% online commission and 95% exchange rate preferential event, which will help reduce the burden of overseas stock trading."

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