Woori Bank is introducing a small-amount saving-type fund service that allows investment from as little as 5,000 won.
Woori Bank said it launched the 'Fund Saving' service for beginner and small-scale investors.
Fund Saving is a service that lets customers set a fixed amount and invest in funds on a regular basis. The minimum subscription amount is 5,000 won. Investors can choose a daily, weekly or monthly investment cycle.
Woori Bank also provides a fund curation function to help customers with limited investment experience choose products. It structured product information into categories including 'Expert BEST' reflecting market conditions, 'Fund Saving BEST' showing products most frequently selected by customers, and 'Return BEST' classified by returns.
The bank also revamped the existing fund subscription process and screens. It reorganised the steps and input items required during sign-up and improved the user interface and user experience to cut the time it takes to subscribe, it said.
A Woori Bank official said, "We designed the service to match the level of beginner investors to reduce the perception that you need a lot of money to invest or that joining a fund is difficult and complicated."
Ji-young Lee
ljy@d-today.co.kr