Shinyoung Securities said on the 29th that it will launch a "stock lending service" starting Oct. 1.
Under this service, customers lend the stocks they hold to institutional investors through Shinyoung Securities' brokerage and receive lending fees in return.
Customers can expect additional revenue from lending fees while holding their stocks as is. They can trade freely during the lending period, and dividends are paid the same as before.
Service applications and redemptions can be handled easily through the mobile trading system (MTS) and home trading system (HTS).
Kim Dae-il, executive vice president at Shinyoung Securities, said, "We prepared this service to help customers make more valuable use of their held assets during long-term investing," adding, "We will continue to expand customer-centered asset management services."