Korea Investment & Securities noted on the 23rd that it will hold the "Bond Total Mobilization" event for BanKIS customers until Sept. 30.
BanKIS is Korea Investment & Securities' non-face-to-face and commercial bank-linked service.
The event offers up to 330,000 won in department store gift certificates and benefits worth $200 if investment conditions are met. New customers who invest more than 1 million won in domestic bonds or foreign bonds will receive a 10,000 won gift certificate each. Depending on the net purchase amount, domestic bonds will provide a maximum of 200,000 won in gift certificates and foreign bonds will provide benefits of up to $200.
If investing through the Individual Comprehensive Asset Management Account (ISA) brokerage account, the net purchase amount will be recognized as double. An 80% preferential exchange fee benefit will also apply when investing in foreign bonds.
There are separate benefits for investors in on-the-market bonds. Customers who net purchase over 50 million won in on-the-market bonds will receive a gift certificate worth 10,000 won. If bonds held by other companies are transferred to the BanKIS account, gift certificates can be received for up to 100,000 won, depending on the amount. For foreign bonds, the transfer amount is calculated as double.
Participants can register for the event multiple times per category. Registration can be done in advance through the Korea Investment & Securities website or mobile app (MTS).