KB Securities also allows fractional trading of overseas stocks... 100,000 people receive free stocks

Benefits Including No Commission Fees Provided

[Asia Economy Reporter Minwoo Lee] KB Securities is launching a fractional trading service for overseas stocks. They also plan to hold an event where the first 100,000 customers will receive free stocks.

KB Securities announced on the 6th that the 'Overseas Stock Fractional Trading' service will begin on the mobile trading system (MTS) for stock beginners, 'Marvel Mini.'

The overseas stock fractional trading service allows customers to purchase expensive U.S. stocks in small amounts. Unlike the existing trading method that deals in whole shares, customers can buy and sell stocks in fractional units such as 0.1 shares, 0.2 shares, or 0.3 shares. This means that customers with small investment amounts can purchase U.S. blue-chip stocks, which generally have relatively high per-share prices, in the desired amounts.

About 300 U.S. stocks and U.S. ETFs are eligible. The minimum amount is in units of 1,000 KRW, and orders and cancellations can be made 24 hours a day.

Additionally, the 'Global One Market' service will be launched, allowing customers to buy overseas stocks in Korean won without pre-exchanging to U.S. dollars, and there will be no currency exchange fees during trading. Furthermore, a 'Overseas Stock Fractional Regular Purchase' service will be introduced, enabling customers to set purchase periods, timing, and amounts to regularly buy multiple stocks.

To commemorate the launch of this service, an event will be held. Until the 31st of this month, the first 100,000 customers who purchase overseas fractional stocks worth 5,000 KRW or more will be randomly selected to receive one overseas fractional stock, with values ranging from a minimum of 5,000 KRW to a maximum of 1,000,000 KRW. Until February 28th of next year, customers purchasing overseas fractional stocks up to 100,000 KRW per stock per day will also receive a zero-fee benefit without any separate application.

For more details, customers can contact the customer center or the prime center. Ha Woo-sung, head of KB Securities Marvel Land Tribe, stated, "We will enhance convenience in overseas stock trading to create an environment where trading is easier and more enjoyable, thereby increasing customer satisfaction."