Kyobo Securities Launches Overseas Stock Deposit and Commission Discount Event

Kyobo Securities announced on the 4th that it will hold an event for overseas stock customers.

With the overseas stock collateral loan interest rate reduction event, customers who have no collateral loan history in the past three months can use the service at an annual interest rate of 4.5% until the end of November. The collateral loan maturity is 90 days, and additional extensions are possible depending on the stock rating. Customers must apply for the 'Collateral Loan Event' on Kyobo Securities' Mobile Trading System (MTS) by the end of next month.

An event is also being held for customers who have transferred overseas stocks from other companies to Kyobo Securities. Cash rewards ranging from a minimum of 10,000 KRW to a maximum of 3,000,000 KRW will be given according to the net deposit amount conditions.

However, the amount must be maintained until the end of August after the deposit, and overseas stock trading of at least 5,000,000 KRW must be conducted during the event period. The cash rewards are scheduled to be paid into Kyobo Securities accounts by the end of September.

Online commission discount benefits are also provided. Customers who open an overseas stock account for the first time at Kyobo Securities will receive a 0.05% online commission benefit for the US market and a Starbucks coffee coupon when trading over 1,000,000 KRW.

Detailed information about the event can be found on the website and MTS.