KB Securities said on the 18th that, as the advance education system for single-stock leverage and inverse products takes effect, it will run an "advance education completion and transaction event" through the 30th of next month.
General investors making their first transaction in leverage and inverse exchange-traded products (ETPs) must complete the Financial Investment Education Institute's advance education. The event was prepared to minimize investor confusion in the early stage of the system's rollout, ensure the advance education system takes root smoothly in the market, and improve customer convenience.
Eligible for the event are domestic individual customers residing in Korea who, through the 21st of this month, have no transaction history in single-stock leverage ETPs and hold non-face-to-face or bank-linked accounts. Eligible customers should complete the "advance education for single-stock leverage and inverse listed product transactions" at the Financial Investment Education Institute, then register their education completion number on channels such as "KB Securities M-able" and apply for the event.
Among participating customers, the first 50,000 will receive a 5,000-won domestic stock coupon. Prizes will also include Samsung Electronics premium electronic products awarded by lottery.
In addition, KB Securities is collaborating with major asset management firms, including KB Asset Management, Mirae Asset Global Investments, Samsung Asset Management, and Korea Investment Management, to run a single-stock leverage ETF transaction event as well.
The transaction event targets customers who, for each asset management firm, transact at least 300 million won per day in each of two single-stock leverage ETF products eligible for the event. Five customers per day for each product will be selected by lottery to receive a 50,000-won culture gift certificate.
Son Hee-jae, head of the Digital Business Group at KB Securities, said, "We plan to continue expanding various services to strengthen customer protection and investment convenience."