[Digital Today reporter Sangyeop Oh (오상엽)] Toss Securities said on Feb. 12 it will run an event called "Our Child's First-Ever Account Opening" to support minors as they begin their first financial lives for the Lunar New Year holiday.
Under the event, minors aged 14 to 19 can use the "Send Request" function in Toss Securities' mobile trading system (MTS) to ask a legal representative such as a parent to open a child account. If the first-ever account opening is properly completed within the period, Toss Securities will pay 20,000 won in holiday money into the child account.
Minors aged 14 and older can trade stocks directly through an account in their own name if they have the consent of a legal representative. They can use the holiday money paid under the Lunar New Year event to start their first investment experience.
A Toss Securities official said, "A child account can be opened from age 0, so it is a means to prepare a child's future assets from an early stage." The official added, "We hope giving a child account as a gift supports a child's first financial life, and that it becomes a starting point for the child to form proper investment habits."