Kiwoom Securities Launches KRX Gold Market Trading Service via REST API

Kiwoom Securities announced on September 19 that it has launched KRX Gold Market trading services through its REST API.

The Kiwoom REST API is a web-based programming interface service that enables investors to implement their own trading strategies as automated trading systems. With the launch of this service, Kiwoom Securities has added the REST API as a new gold spot trading channel, in addition to its existing HeroS 4 (HTS) and HeroS SF+ (MTS) platforms.

API investors and developers can now easily retrieve KRX Gold Market-related price and account information and execute orders programmatically through the Kiwoom REST API. This allows for more sophisticated and diversified investment strategies, such as building portfolios that move between stocks and safe assets according to market conditions and executing automated asset allocation strategies.

Investing in gold spot through the KRX Gold Market offers clear advantages over gold ETFs in terms of taxes and costs. Gold ETFs are subject to a 15.4% dividend income tax on capital gains. In contrast, capital gains from KRX Gold Market transactions are tax-exempt.

Additionally, unlike gold ETFs, which charge an annual management fee ranging from 0.15% to 0.68%, there are no separate holding costs for KRX Gold Market investments, making them more efficient for long-term investors. Physical gold can also be withdrawn in 1kg units. Since international gold prices and exchange rates are reflected in the price, investors can expect a natural currency hedging effect when the Korean won weakens. However, it should be noted that fees and value-added tax are incurred when withdrawing physical gold.

A representative from Kiwoom Securities stated, "With gold prices continuing to rise and its value as a safe asset becoming more prominent, we have launched this service so that investors can utilize the Kiwoom REST API for their own automated trading strategies in the KRX Gold Market," adding, "We will continue to expand our range of financial services for investors going forward."

The newly launched KRX Gold Market trading API provides detailed documentation on the Kiwoom Securities REST API website. It is available for immediate use after registering a dedicated gold spot account and agreeing to the terms and conditions.

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