[Asia Economy Reporter Son Sunhee] Mirae Asset Securities announced on the 13th that it will hold an event where customers who purchase more than 30,000 KRW worth of US stocks will receive an additional 30,000 KRW worth of US stocks.
The "US Stock Buy 3, Get 3 Free Event" will run from today until March 31. During this period, the first 10,000 individual investors who purchase more than 30,000 KRW worth of US stocks through fractional share trading will receive 5,000 KRW worth of US stocks. Additionally, if these customers maintain a "net purchase of more than 30,000 KRW" condition until one month after the event ends, they will receive an additional 25,000 KRW worth of US stocks. In other words, they must maintain a "net purchase of more than 30,000 KRW" until the end of April.
Fractional share trading allows transactions based on monetary value rather than whole shares. For example, even if the price per share exceeds 30,000 KRW, investors can buy only the desired amount by splitting the stock into fractional units.
Mirae Asset Securities’ fractional share trading service is provided in real time. Trading is available from 9 PM (Korean time), which is 2 hours and 30 minutes earlier than the regular US stock market opening. Existing Mirae Asset Securities customers can use the service without opening a separate account. However, to participate in the event, customers must apply through the Mirae Asset Securities MTS.
A Mirae Asset Securities official said, "Fractional investment allows stock trading, which was previously only possible in whole shares, to be done in the monetary units desired by the investor," adding, "Stock investment can also be used as a regular savings-type investment like funds, which will help investors respond to stock market volatility."
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