Samsung Securities Operates 'Overseas Stock Desk' During Chuseok Holiday

Samsung Securities announced on the 26th that it will operate its overseas stock desk during the Chuseok holiday just as it does on weekdays, allowing convenient investment in overseas stocks.

The overseas stock desk is a service that supports trading for individual customers as well as institutional investors such as pension funds during holidays like Seollal and Chuseok. It will be operational during this Chuseok holiday from the 28th of this month to the 3rd of next month.

This Chuseok holiday period has been extended due to October 2nd being designated as a substitute holiday. Accordingly, investor interest in overseas stock markets is expected to increase relatively compared to the domestic stock market, which will be closed.

Samsung Securities has enabled trading of U.S. stocks during the daytime of the Chuseok holiday through its U.S. stock daytime trading service, which was first launched in the industry in February last year. Including daytime trading, pre-market, regular market, and after-market sessions, Samsung Securities allows trading of U.S. stocks daily from 9:00 AM to 7:30 AM the next day, Korea Standard Time.

To enhance convenience for overseas stock market investors, Samsung Securities has also been operating a fractional trading service for overseas stocks since November last year.

The overseas stock fractional trading service available on the Samsung Securities mobile application mPOP allows investment in large-cap blue-chip stocks, which tend to have relatively high prices per share, with small amounts. This service is popular among customers under their 30s who want to diversify the timing of their investments or invest in stocks on a regular savings basis.

In particular, the 'Overseas Stock Fractional Savings Service,' which automatically accumulates fractional shares of overseas stocks by setting the desired frequency and period with a minimum of 1 dollar, was launched in July. Within just over two months, the number of users approached 10,000.

According to Samsung Securities statistics, among users of the overseas stock fractional savings service, those under 30 account for about 34%, which is higher than the 30% proportion of customers under 30 among general digital customers. These users mainly accumulated shares of Apple, Tesla, Nvidia, Alphabet, and Microsoft.

The Samsung Securities overseas stock fractional savings service is available to customers with a Samsung Securities account. If you do not have an account, you can open one non-face-to-face through Samsung Securities mPOP.

Meanwhile, Samsung Securities is conducting the 'Chuseok Holiday! Can't Resist Overseas Stocks' event, offering prizes to customers who trade overseas stocks during the Chuseok holiday period. Among customers who complete at least one trade (buy or sell) of 1 dollar or more on at least one of the four trading days during the holiday, 100 will be selected by lottery to receive a 10,000 KRW gift certificate. Fifty customers who trade on two or more days will be selected to receive a 20,000 KRW gift certificate, 30 customers who trade on three or more days will receive a 30,000 KRW gift certificate, and 10 customers who trade on all four days will receive a 40,000 KRW gift certificate. Additionally, one customer who trades overseas stocks worth 3 billion KRW or more during the holiday will be selected to receive 1 million KRW in cash. Participation in this event requires registration via the website or mPOP.

In addition to this event, customers who have never traded overseas stocks through Samsung Securities can receive additional benefits. By applying for the 'Overseas Stock Online Commission Discount' event, customers can enjoy zero commission on online purchases of U.S. stocks for two months (0.0008% commission on sales) and up to 95% preferential exchange rates. Starting from the 4th of next month, the 'Up to 100 Dollar Overseas Stock Investment Support Fund' event will also be held, offering up to 100 dollars depending on the amount of overseas stock trading.

A Samsung Securities official stated, "Many young investors are entering the market using the overseas stock fractional savings service as an entry point for investing in global blue-chip stocks," adding, "We expect that investors will be able to create and utilize a global blue-chip stock portfolio by investing in multiple stocks with small amounts."

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