Business · Markets · 1 hr ago

Kiwoom Securities' short-term note holdings rise 5.5-fold this year

Kiwoom Securities' short-term note holdings rise 5.5-fold this year

Individual investors increased their holdings of Kiwoom Securities’ short-term notes this year, with the balance reaching 659.6 billion won by September 29.

The balance was 120.9 billion won on January 2, an increase of 538.7 billion won.

The notes are short-term products issued by securities firms using their own credit, with maturities of up to one year.

Investors in their 20s held about 14 times as much as at the start of the year, while holdings among those in their 30s rose about 6.9 times.

People aged 60 and over still had the largest average balance per customer, at 137.85 million won.

The share of total holdings held by customers in their 20s and 30s rose from 7.6% to 10.5%.

Both the number of customers and average investment amounts grew, and Kiwoom said younger customers’ investments were rising quickly alongside continued growth among people in their 50s and 60s.

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Kiwoom Securities representativeCompany representative
While short-term note holdings continue to grow, centered on customers in their 50s and 60s, investment amounts among customers in their 20s and 30s are also growing rapidly.
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We will diversify our product range and improve service convenience so customers can manage their spare funds conveniently.
via Yonhap