Woori Investment & Securities Co. has launched its “Octo Global Installment-type Service,” which it touts as the fastest and easiest trading overseas stock service of its kind.
The securities house has introduced the automatic trading service amid rising domestic popularity of trading overseas stocks and overseas exchange-traded funds.
Exchange-traded funds, or ETFs, are a security that tracks an index, commodity or asset vehicles like an index fund, while trading on stock exchanges like a stock.
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A model promotes Woori Investment & Securities Co.’s “Octo Global Installment-type Service,” an automatic trading service for overseas stocks and overseas exchange-traded funds. |
All that customers of the service must do is choose in advance the purchase date and the name of overseas stocks and overseas ETFs they want, the company said.
Then the brokerage firm automatically carries out the trading transactions for customers, in addition to the rest of the trivial post-transaction procedures that customers had to take care of on their own in the past. These financial chores include reporting capital gains tax information to state institutions and periodic check-up calls.
For no extra charge, the brokerage runs tax declaration errands, and sends out SMS notices at every step of the purchase and currency-exchange operations.
“The strength of the Octo global installment-type service is reduced risk and convenience. We also offer a carefully selected list of the top 100 promising overseas stocks and ETFs for customers who have a limited understanding of overseas investment portfolios,” Woori Investment & Securities said.
The brokerage emphasized increased safety of the Octo service, pointing out that the installment-type investment method enables customers to diversify investment dates, resulting in relative price standardization. Available ETF items also cover gold and oil as well.
“The service is especially recommended for parents who have children studying abroad, who might be looking for long-term foreign currency assets in the future,” said Lee Jong-gug, managing director the company’s product management unit.
By Chung Joo-won (
joowonc@heraldcorp.com)
