KB Securities Launches 'Dundun Junior'... Industry's First Automated Investment Service for Minors

KB Securities announced on the 30th that it has launched 'Dundun Junior,' an automated investment (discretionary investment) service for minors, in collaboration with Uprise Investment Advisory's robo-advisor asset management service 'Dundun,' marking the first such service in the securities industry.

KB Securities launched the 'Dundun Junior' service in response to the fact that minors can receive gifts up to a maximum of 20 million KRW over 10 years and the recent surge in stock investment enthusiasm, which has increased demand from parents wishing to gift stocks to their minor children, in partnership with Uprise Investment Advisory to meet these investors' needs.

Dundun Junior is a service launched following regulatory improvements by financial authorities that allow parents to open accounts for their minor children remotely. Minor customers holding KB Securities accounts can use the service through Uprise Investment Advisory's 'Dundun (DNDN)' app. For those without an account, they can easily open a securities account for their minor children via KB Securities' Mobile Trading System (MTS) apps 'KB M-able' or 'M-able Mini' without visiting a branch or submitting complicated documents, and then use the service.

The Dundun Junior service offers convenience in account opening and operates using the 'Aurora' strategy developed by Uprise Investment Advisory. It is a long-term investment product that diversifies the types of assets included in the portfolio according to market conditions and actively adjusts allocations through a dual momentum strategy.

Prior to the launch of the Dundun Junior service, KB Securities and Uprise Investment Advisory received strong responses last June by launching an automated investment service based on a tax-advantaged personal pension management service and a global asset allocation strategy.

Ha Woo-sung, Head of the Platform Division at KB Securities, said, "Through Dundun Junior, jointly launched by KB Securities and Uprise Investment Advisory, we hope to reduce concerns and time spent on investing spare money for minor children and also enjoy the benefits of tax-free gifting."

When subscribing to the Dundun Junior product, discretionary fees and trading fees will be incurred, and financial investment products may result in principal loss due to investment outcomes and exchange rate fluctuations. Investors should be aware that these risks are borne by them. The KB Securities MTS apps KB M-able and M-able Mini are available for download from the App Store or Google Play Store.

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