KakaoBank Surpasses 7 Million Cumulative Securities Firm Stock Accounts

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KakaoBank announced on April 25 that the cumulative number of accounts opened through its "Securities Firm Stock Account Opening Service" has surpassed 7 million.

The "Securities Firm Stock Account Opening Service" was first launched in 2019 in partnership with Korea Investment & Securities. The service allows users to conveniently open accounts with partner securities firms through the KakaoBank app. In addition to convenience, the service has steadily gained popularity by offering account opening bonuses and free brokerage commissions, along with other benefits provided by each securities firm.

As a result, the cumulative number of accounts opened through the Securities Firm Stock Account Opening Service exceeded 7 million as of April 23. Despite market volatility since the service was launched, the number of accounts has continued to grow over the past five years, with an average of more than 1 million accounts opened annually.

Looking at the age distribution of customers who opened securities firm stock accounts, those in their 30s and 40s accounted for approximately 62.4%. This trend suggests that the high interest in investment and asset management among people in their 30s and 40s is driving the opening of securities firm stock accounts.

KakaoBank plans to expand its partnerships to eight major securities firms, including launching the stock account opening service for Kiwoom Securities within the year. As a result, customers who are starting to invest for the first time will be able to compare the benefits of eight securities firms through the KakaoBank app and conveniently open a stock account in a one-stop process.

KakaoBank stated, "Thanks to our efforts to expand partnerships with securities firms, the number of securities firm stock accounts opened has surpassed 7 million. We are grateful to our customers for their enthusiastic response," adding, "We will continue to pursue our goal of reaching 10 million cumulative accounts while expanding our services as an investment platform and enhancing usability."

Meanwhile, in addition to the Securities Firm Stock Account Opening Service, KakaoBank has been strengthening its capabilities as an investment platform by successively launching domestic and overseas stock investment services, IPO subscription information services, and IRP benefit comparison services for securities firms. Notably, the IPO subscription information service, launched in July 2024, surpassed 1.2 million users in about nine months, and the special RP product from Korea Investment & Securities, introduced through the "Securities Firm Financial Product Investment Service" in March, sold out within a week.

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