Kakao Pay Securities launches a reward event offering up to 10 million won when transferring stocks

Kakao Pay Securities will launch an event starting from the 13th that offers cash rewards to users who transfer stocks held at other brokerages to their own account. As competition among securities firms to attract customer assets through deposit benefits continues, Kakao Pay Securities is also encouraging stock transfers and transactions together to secure users.

This event is open to those who transfer stocks stored at other securities firms to Kakao Pay Securities. Regardless of the deposit amount, participants will be entered into a random draw to receive up to 10 million won in cash. The eligible assets include domestic stocks, overseas stocks, and ETFs (Exchange-Traded Funds). ETFs are funds designed to track specific indices or asset flows and can be bought and sold like regular stocks.

Additional reward conditions are also in place. If, within 60 days after transferring stocks, users trade a total of 3 million won or more in domestic and overseas stocks combined, they can receive extra cash based on their trading amount. However, trades made through stock collection, gifting, or rewards are excluded from the performance calculation. This indicates an intention to not only transfer assets but also actively promote trading activities.

The rewards will be paid into the Kakao Pay Securities comprehensive account the day after completing the deposit or trading missions. Details can be checked within the securities menu of the Kakao Pay app. Kakao Pay Securities announced that it will continue to offer various benefits to enable users to start new investment experiences on its platform.

Recently, in the securities industry, as competition solely based on trading fees becomes insufficient to retain new customers, marketing strategies that bundle asset transfers and trading performance are increasing. While investors may find the cash benefits attractive, it is important to carefully review trading conditions, exclusions, and the reward payout methods. This trend is likely to expand further, especially among mobile-based securities firms.