Kiwoom Securities said on the 7th that it will hold a "issued commercial paper subscription event" through Jul. 2 to mark its issued commercial paper balance surpassing 1 trillion won.
During the event period, those who subscribe to issued commercial paper with a term of 181 days or longer will receive Kiwoom Points, which can be used like cash, on a tiered basis according to the subscription amount.
Those who subscribe with at least 30 million won and less than 100 million won receive 10,000 points; at least 100 million won and less than 500 million won, 30,000 points; and at least 500 million won, 100,000 points. To receive the benefits, subscribers must maintain their subscription balance until Jul. 9, which is one week after the event ends.
Both new customers and existing users can participate in this event.
Issued commercial paper is a short-term financial product with a maturity of up to one year, issued on the issuer's own credit by a large-scale investment bank (IB) with at least 4 trillion won in equity capital. Kiwoom Securities launched "Kiwoom Issued Commercial Paper" in December last year and reached its sales target of 300 billion won within a week.
Details about the event can be found on the Kiwoom Securities website.
A Kiwoom Securities official said, "We will continue to introduce a variety of products and events that provide practical help in increasing customers' asset."