Kiwoom Securities said on the 30th that the cumulative number of users of its installment investment service "Stock Saver" has surpassed 200,000. It has been seven months since launch.
Stock Saver is a service that automatically buys stocks in the amount you want at a set time every day, week, or month. You can invest not only in domestic and overseas stocks but also in financial products such as exchange-traded funds (ETF) and mutual funds. Overseas stocks can be bought starting from 2,000 won, and domestic stocks from 10,000 won. If investment funds are insufficient, auto top-up via open banking is also available.
About 14% of Stock Saver users were minors. The average monthly installment investment amount was 140,000 won. Kiwoom Securities explained that more parents are opening automatic investment accounts to help their children with asset building and investment education.
Even across all age groups, the average monthly installment investment amount is on the rise. On May it averaged 150,000 won, increasing to 240,000 won on Aug. . In particular, customers in their 30s saw their average monthly installment investment grow from 220,000 won to 290,000 won over the same period.
Nvidia was the most frequently accumulated purchase among users. It was followed by Tesla, "QQQ (tracking the Nasdaq 100 Index)," Apple, and "SCHD (dividend stocks)."
A Kiwoom Securities official said, "The fact that 200,000 customers chose Stock Saver in seven months proves the service's convenience and the sense of investment efficacy," adding, "We plan to continue expanding various benefits and features so that customers can steadily build assets."