Korea Investment Securities introduced an installment-based issued note service in the KakaoBank app. The service allows customers with a KakaoBank partner account to automatically invest in issued notes on set dates through the app.
Korea Investment Securities said on June 15 it had opened the "installment issued note" service through the KakaoBank app.
The installment issued note service automatically invests in an issued note product on a designated date each month. The investment period is 1 year and it offers a pre-tax annual yield of 4.35 percent as of June 15. Monthly contributions range from 100,000 won to 10 million won.
Kwak Jin (곽진), head of the eBiz Strategy Division at Korea Investment Securities, said, "We expect this will help improve convenience for investors looking for financial products in a situation of increased market volatility," adding, "We will continue to expand the platform."
Sangyeop Oh
yub@d-today.co.kr