NH Investment & Securities said on the 2nd that it partnered with Toss Bank to launch the securities industry's first installment "gold saving" service. The service is based on the Korea Exchange (KRX) "KRX Gold Market."
The service was launched in response to growing interest in gold as a physical asset, especially among Millennials and Gen Z, who are sensitive to financial trends. Toss Bank, which has that generation as its customer base, was selected as the partner.
Through this service, users can automatically make regular purchases of gold every week or month for a set amount. The minimum investment unit is 1 g of gold.
Unlike typical gold funds or exchange-traded funds (ETFs), there is no tax on capital gains from trading, which is an advantage for long-term installment investing.
NH Investment & Securities said it expects strong interest from customers who prefer safe assets amid interest rate fluctuations and market uncertainty and who favor small, installment-based investing.
NH Investment & Securities also said it plans to expand the service's target users and distribution channels based on the response.
Toss Bank also said that, with NH Investment & Securities—which holds about a 25% market share among retail investors in the KRX Gold Market—as its partner, it will provide customers with a reliable environment for gold investing.
The service can be used immediately after opening a dedicated spot gold trading account through Toss Bank's "Grow a lump sum" service in the app. Any domestic resident who is a Korean national aged 19 or older can open this account.
Kang Min-hun, head of the Digital Business Division at NH Investment & Securities, said, "The core of this 'gold saving' service is that it is designed not merely to trade gold as an asset, but to accumulate it naturally within customers' everyday financial behaviors," adding, "We will continue to lower the barriers to entry for investing and asset management and provide a more intuitive financial experience."