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Photo = Yonhap news |
[Alpha Biz= Paul Lee] Naver Pay Securities has launched an easy stock order service. Initially, four securities firms—Mirae Asset Securities, Korea Investment & Securities, KB Securities, and Hana Securities—have partnered with Naver. Customers who hold accounts with these securities firms can directly navigate from Naver to the securities firm's trading screen.
According to the financial investment industry on the 30th, Naver Pay Securities began the easy order service, allowing customers to trade domestic stocks by connecting with the web trading systems (WTS) of the four securities firms, including Mirae Asset.
The connected securities firms are Mirae Asset, Korea Investment & Securities, KB Securities, and Hana Securities. Through Naver’s securities page, users can select domestic stock items and click the ‘Easy Order’ button to be redirected to the securities firms’ WTS.
The easy order service supports trading of domestic stocks, exchange-traded funds (ETFs), and exchange-traded notes (ETNs). However, it does not support trading of overseas stocks, KONEX, or K-OTC unlisted stocks. The service also only allows cash orders and can only be used during regular market hours (9 AM to 3:30 PM) and pre-market simultaneous auction (8:30 AM to 9 AM). It does not support alternative exchange trading or after-hours trading.
Naver Pay Securities does not charge separate fees to customers but receives a monthly system usage fee of around 50 million KRW from the securities firms. Naver Pay Securities functions as a platform that connects users to their desired securities firms, while all trading activities are carried out through the securities firms’ mobile WTS.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
