Korea Investment & Securities noted on the 31st that it has established a transaction service for customers of the Bankis entrusted account in partnership with KakaoBank, allowing them to easily invest in repurchase agreements (RPs) within KakaoBank.
To celebrate the launch of the 'RP transaction service,' Korea Investment & Securities is selling an annual 7% (pre-tax, 61-day) won RP product to the first 10,000 customers in limited quantities. The individual limit is 3 million won. If the special sale product is sold out, two general won RP products (floating rate at 2.6%, 31-day at 2.7%) will be sold.
Foreign currency RP (USD) products with annual rates of 4% (pre-tax, floating) and 4.3% (pre-tax, 31-day) will also be sold. Investment amounts can range from a minimum of 1 won to a maximum of 500 million won for won, and from a minimum of $100 to a maximum of $1 million for foreign currency (USD). However, the sale may end early if the limit is reached.
If you are a Bankis customer affiliated with KakaoBank, you can easily compare and invest in various products such as Korea Investment & Securities' issued notes, bonds, and RPs in the 'securities financial product investment' service without needing to install a separate app.
Park Jae-hyun, head of Korea Investment & Securities' retail customer group, said, 'This service linked with KakaoBank will be a good choice for those seeking stable short-term returns' and noted, 'We will continue to strive to provide various customized financial products and services.'