KakaoBank Launches 'Receive Promised Returns' Service with Hantoo Securities

Investment in KTB Securities Issued Notes Now Available on App
Special Interest Rate of 4.35% Per Annum Applied

KakaoBank announced on the 1st that it will launch the 'Receive Promised Returns' service in partnership with Korea Investment & Securities.

'Receive Promised Returns' is a service that allows investment in promissory notes (with maturities of 6 months or 1 year) issued by Korea Investment & Securities within the KakaoBank application (app). The minimum investment amount is 1 million KRW, and investments can be made 24 hours a day. As of today, the promissory notes offer a special interest rate of 4.35% per annum (before tax, based on 1-year maturity). Sales may end early if the special offer limit is exhausted.

To use the service, a Korea Investment & Securities stock account opened through KakaoBank is required. Customers without an account can open one using the 'Open Securities Stock Account (Korea Investment & Securities)' service within the KakaoBank app.

KakaoBank plans to expand the range of investment products to include bonds and collaborate with various securities firms.

A KakaoBank representative stated, “With KakaoBank’s intuitive UI (User Interface) and UX (User Experience), even customers unfamiliar with securities financial products can conveniently use the service,” and added, “We expect KakaoBank’s Receive Promised Returns service to become a new alternative for asset management services.”