Kiwoom Securities said on the 17th it will run a promotion through May 29 offering up to a 90% discount on domestic futures and options transaction fees.
Eligible applicants are customers opening a futures and options account for the first time or dormant customers with no transactions in the past six months.
Customers who apply for the promotion will receive the fee discount for two months. As a result, the fee rate for KOSPI 200 futures will be cut about 90%, from 0.003% to 0.00025104%. In addition, if transactions reach at least 40 billion won in futures or 1.2 billion won in options during the applicable period, the discount can be extended by another two months, for benefits lasting up to four months.
Additionally, customers making their first domestic futures and options transactions at Kiwoom Securities can receive 200,000 won in cash if they meet the transaction conditions. The discounted products include index futures and options, single-stock futures and options, and currency futures, and the KRX night futures and options that began trading in June last year are also included.
A Kiwoom Securities official said, "Futures and options are investment tools that broaden investors' strategic choices," and added, "This promotion will be an opportunity to enjoy both fee discounts and Kiwoom Securities' convenient trading system."
More details on the promotion are available on the Kiwoom Securities website or through the Kiwoom Financial Center.