Kiwoom Securities (039490.KQ) announced Wednesday that it is offering 15,000 won in cash to all customers who open a new brokerage-type Individual Savings Account (ISA) through the Toss app.
Customers who open a Kiwoom Securities brokerage-type ISA account through the Toss app before 4 p.m. will receive the cash payment the same day. Those who open accounts after 4 p.m. will receive the payment the following day.
Kiwoom Securities is also running separate brokerage-type ISA events on its website and mobile trading system (MTS) Yeongwoongmun S#. Customers who receive cash payments through the Toss app can also participate in these events. Those who meet the conditions can receive additional benefits of up to 5.51 million won.
The brokerage-type ISA events consist of three components. First, all customers who newly open a brokerage-type ISA account or transfer from another securities firm will receive 10,000 won in investment support funds. Additional investment support funds ranging from 15,000 won to 500,000 won will be provided through a lottery. Customers transferring from other firms will receive lottery priority.
Additionally, customers who make net deposits of 2 million won or more into their brokerage-type ISA accounts and trade at least one share of domestic stocks or exchange-traded funds (ETFs) will be eligible for investment support funds of up to 5 million won through a lottery. Balances must be maintained until July 31 this year. Payments will be differentiated from 10,000 won to 700,000 won based on net deposit amounts. Customers who transfer 10 million won or more from other firms will have their net deposit amounts counted at double the rate. Customers transferring from other firms who deposit 30 million won or more can also receive bonus benefits of 1 million won or 5 million won through a lottery.
A trading event is also being held concurrently. Customers who make net purchases of 5 million won or more in domestic stocks or ETFs through their brokerage-type ISA accounts will be eligible for one share of a domestically listed ETF through a lottery. The eligible products include five ETFs: KODEX KOSDAQ150, TIGER Semiconductor TOP10, and KODEX 200. Both new and existing customers can participate.
"This event was designed to provide tangible benefits to both new customers who are showing interest in brokerage-type ISAs for the first time and customers considering transferring from other securities firms," a Kiwoom Securities official said.
