Kiwoom Securities: "Trade Your First RP and Win AirPods or Apple Watch"
Kiwoom Securities announced on the 15th that it is holding the "First RP Trading Event."
This event targets customers who are trading Korean won or US dollar RPs (repurchase agreements) for the first time. Customers who purchase RPs (with a maturity of 30 days or more) above a certain amount and hold them until the agreed maturity date will receive up to 10,000 Kiwoom Points, which can be used like cash.
Customers who meet the conditions will also be entered into a drawing to win AirPods (5 winners), Apple Watches (5 winners), or 20,000 Kiwoom Points (100 winners). Additionally, sharing the event on social media will enter 1,000 participants into a drawing to receive 500 points each.
RPs can be withdrawn on the same day, and after the agreed maturity date, customers receive a predetermined interest rate from the securities company. This is a financial product effective for managing short-term surplus funds.
A Kiwoom Securities representative stated, "As the domestic and US stock markets have been moving sideways recently, demand for investment in RPs is increasing. For customers seeking stable short-term returns, this is an opportunity to enjoy both attractive yields and event benefits."
As of the 15th, Kiwoom Securities offers a maximum annual interest rate of 2.50% (pre-tax, maturity rate, 60-day RP) for Korean won RPs and a maximum annual interest rate of 4.20% (pre-tax, maturity rate, 120-day RP) for US dollar RPs.
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Details on RPs and the event can be found on the Kiwoom Securities website.
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