Kiwoom Securities Offers Special Hangul Day Issued Notes at “5.80% Annual Before Tax”

Kiwoom Securities said on October 8 that it will launch a special offering of three-month notes with an annual interest rate of 5.80% before tax to mark the 580th anniversary of the proclamation of Hunminjeongeum and the 100th anniversary of the designation of Hangul Day.

The special offering is for a three-month term, and sales will begin on October 8, one day before Hangul Day on October 9, on a first-come, first-served basis. Sales will end once the full allotment has been sold. Customers can purchase the notes through the issuance menu on Hero S# (MTS), the Kiwoom Securities website, and Hero 4 (HTS).

This year marks 580 years since Hunminjeongeum was proclaimed in 1446. It also marks 100 years since the Joseon Language Research Society, now the Hangul Society, held the first celebration of Hangul Day in 1926 under its original name, “Gagyanal.”

Kiwoom Securities incorporated the numbers associated with both anniversaries into the product terms. The annual interest rate of 5.80% before tax represents the 580th anniversary of the proclamation of Hunminjeongeum. The total sales limit of KRW 10 billion and the per-person limit of KRW 1 million represent the 100th anniversary of the designation of Hangul Day.

“We prepared this special offering to mark this meaningful year and encourage people to reflect on the value of our writing system,” a Kiwoom Securities official said. “Just as Hangul was designed to be easy for anyone to learn and use, we designed this product to help more customers easily manage their short-term surplus funds.”

Issued notes are notes with a maturity of one year or less that are issued on the issuer’s own credit by comprehensive financial investment businesses with at least KRW 4 trillion in equity capital and approval from financial authorities. Kiwoom Securities received approval from the Financial Services Commission in November last year and launched its first issued-note product in December.

Issued notes are not protected under the Depositor Protection Act. Investors may incur losses on their principal depending on the credit risk of the issuer, Kiwoom Securities. Investors should consider the issuer’s creditworthiness and ability to repay. If they cancel before maturity, a lower interest rate than the agreed rate may apply. Customers should carefully review the product disclosure statement and terms and conditions before subscribing.

This content was produced with the assistance of AI translation services.