Meritz Securities Digital Division Deposited Assets Surpass 1 Trillion Won "Preparing US Treasury Platform"

Filial Investment Account 'Super365'

Meritz Securities announced on the 26th that the digital platform division, which is exclusively responsible for non-face-to-face online customers, has surpassed 1 trillion KRW in entrusted assets, thanks to the popularity of comprehensive investment accounts such as 'Super365'.

The digital platform division was newly established in February last year as a digital management branch for self-directed digital customers. They have been driving innovation in the digital sector by completely revamping the non-face-to-face account opening process, adding various mobile convenience services, and introducing exclusive product lineups. At the end of February last year, the entrusted assets of the digital platform division were 150 billion KRW, and in just 1 year and 7 months, they surpassed 1 trillion KRW, growing nearly sevenfold.

The rapid growth of the digital platform division gained momentum after the launch of Super365. Super365 is a comprehensive investment account that allows trading of various financial products such as domestic and overseas stocks and bonds, and provides daily compound interest RP (repurchase agreement bonds) yields on KRW and USD deposits. The system automatically purchases RP with deposits after market close and automatically sells them after midnight, offering daily compound interest rates of 3.15% per annum for KRW deposits and 4.00% per annum for USD deposits respectively. Within six months of its launch, entrusted assets exceeded 100 billion KRW, and currently account for about 80% of the digital platform division’s 1 trillion KRW in entrusted assets.

Meritz Securities plans to continuously improve its trading platform. In January this year, they introduced a bond trading platform on the Mobile Trading System (MTS) that allows investment in short-term bonds and on-exchange/off-exchange bonds, and in June, they improved the user interface (UI) to enable comparison, search, and trading of various financial products. Last August, they completely revamped key services such as trade application, quotes, trading, and currency exchange, and also added overseas stock content.

In August, Meritz Securities revealed its retail sector growth strategy led by the digital division through a conference call. They plan to provide new strategies and products that satisfy diverse investment needs while strengthening the trading platform.

Meritz Securities stated, “We will soon launch a new platform that allows trading of U.S. Treasury bonds at lower costs compared to other companies,” and added, “We will leverage Meritz’s accumulated risk management and investment know-how to develop online and offline channels in a balanced way.”

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