Cash Payment Also Provided When Transferring Stocks from Other Securities Firms
[Asia Economy Reporter Minwoo Lee] KB Securities is conducting a promotion to discount overseas stock trading commissions to 0.07%.
KB Securities announced on the 4th that it will hold the 'Overseas Stock Online Commission 0.07% Event' and the 'Overseas Stock Transfer-in Event' until May 31.
Accordingly, for customers holding a Prime Center (non-face-to-face, bank-linked) account who trade overseas stocks for the first time at KB Securities and apply for the event, online commissions will be provided at 0.07% for 12 months when trading in the US, China, Hong Kong, and Japan markets. If applied before the regular market closing time of the trading country, the discount will be retroactively applied to the same day's trades.
Additionally, individual customers who transfer overseas stocks held at other securities firms to KB Securities and trade overseas stocks worth more than 1 million KRW will receive cash ranging from 10,000 to 1,000,000 KRW depending on the net transfer amount. However, taxes and fees are the responsibility of the customer.
Applications for the event can be made through the KB Securities website or the Mobile Trading System (MTS) 'M-able' and the Home Trading System (HTS) 'H-able'. For more details, customers can inquire through the KB Securities website or customer center.
Earlier, KB Securities began providing all customers with the US stock free real-time quote service called 'Real-time Light' starting January 4. On the 25th of last month, the US stock pre-market trading hours were moved forward by one hour to start at 6 PM.
Ha Woo-sung, Head of KB Securities M-able Land Tribe, said, "In a situation where customers' interest in global investment assets has increased, we prepared this event to reduce the commission burden for customers trading overseas stocks for the first time," adding, "We will continue to do our best to enhance customer satisfaction by improving the convenience of overseas investment."
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