Kiwoom Securities said on Feb. 13 it has signed a strategic partnership with U.S. brokerage Webull to promote the use of omnibus accounts for foreign investors.

Webull is a global digital investment platform. It provides financial services through a brokerage network in 14 markets, including North America, Asia-Pacific, Europe and South America.

The key to the partnership is that Kiwoom Securities, which has secured competitiveness in South Korea's financial market, will support the expansion of Webull's omnibus accounts for foreign investors.

Overseas investors will be able to trade South Korean stocks in real time on the Webull platform without the hassle of opening separate accounts at domestic securities firms.

The companies also plan to discuss ways to improve Kiwoom Securities clients' access to U.S. capital markets.

Uhm Joo-sung (엄주성), CEO of Kiwoom Securities, said, "Starting with the establishment of our local subsidiary in the United States, we have continued to expand points of contact with U.S. investors." He added, "We will steadily strengthen strategic partnerships to bring global funds into the South Korean stock market and invigorate the capital market."