KB Securities Opens Global One Market Plus Service

KB Securities announced on the 18th that it has newly launched the 'Global One Market Plus' service to enhance the investment convenience for customers trading overseas stocks.

Global One Market Plus is a follow-up service introduced after the termination of the previously offered 'Global One Market' service, further strengthening the investment convenience for overseas investors.

Previously, Global One Market only allowed the use of Korean won as the purchase margin, and foreign currencies held could not be used. However, Global One Market Plus allows customers to use not only the Korean won they hold but also the foreign currency of the respective country as margin.

Additionally, Global One Market only permitted real-time currency exchange from 9 AM to 4 PM, and outside these hours, the exchange rate was settled the next day, posing risks due to exchange rate fluctuations during the re-settlement. Global One Market Plus enables real-time currency exchange 24 hours a day at any desired time, minimizing risks from exchange rate fluctuations. (Vietnam is excluded)

Lastly, Global One Market automatically converted and settled overseas stock sales into Korean won using the next day’s exchange rate, but Global One Market Plus settles sales in the respective country’s currency, reducing risks related to exchange rate changes at the time of repurchase.

KB Securities is also conducting a special event for overseas stock investors. To commemorate the launch of the Global One Market Plus service, customers who subscribe to Global One Market Plus by March 31 next year will receive a benefit of reduced automatic currency exchange fees. During weekdays, the fee remains at 0.5 KRW per 1 USD, while at night and on holidays, the fee is reduced from 5 KRW to 3 KRW per 1 USD. (This applies only to automatic currency exchange when using Global One Market Plus, excluding general currency exchange)

Ha Woo-sung, Head of the Platform Division at KB Securities, said, "We have launched the Global One Market Plus service to address the inconveniences of the previous Global One Market service, allowing customers to operate funds more efficiently and flexibly and place overseas stock orders." He added, "In the case of U.S. stocks, the introduction of a 24-hour currency exchange system enables customers to actively respond to the real-time fluctuating exchange rate market during U.S. stock trading hours." He continued, "We plan to provide richer benefits and services so that customers can enjoy more advantages when trading overseas stocks in the future."