Kiwoom Securities noted that until the end of this year, it will apply a uniform 0% commission rate for online transactions of on-market bonds.
Kiwoom Securities previously charged transaction fees between 0% and 1.5% depending on the remaining maturity of the bonds but lowered it to a flat 0% from the end of May last year. This year, it decided to continue this fee discount. However, the relevant institution fee (0.00519496%) paid to the Korea Exchange and the Korea Securities Depository must be borne by the investor.
A Kiwoom Securities official explained, "Just like stock trading, since transaction fees are applied during on-market bond transactions, reducing this expense is beneficial for investors."
Kiwoom Securities will also hold a discount event for on-market bond transaction fees. Fifty customers who purchase bonds worth more than 500,000 won will be selected in a draw to receive shares of U.S. stocks. After applying for the event, if the bond purchase amount exceeds 500,000 won during the event period until March 31, they will be eligible for the draw. One share from Tesla, Amazon, Apple, NVIDIA, or AMD will be credited to the accounts of the winning customers. The other income tax will be borne by Kiwoom Securities.