Cash paid when share-lending agreement is maintained; up to two accounts per person eligible

Event open to Creon customers through end of July

[Provided by Daishin Securities]
[Provided by Daishin Securities]

Daishin Securities announced Monday it is holding a share-lending service sign-up event for customers with accounts on its mobile trading system, Creon.

The event runs through July 31. Customers who newly enroll in the share-lending service during that period and maintain a qualifying share balance will receive investment support payments. Share-lending agreements must remain in place through Aug. 31.

Customers with a lending balance of 100 million won (about $64,800) or more will receive 20,000 won per 100 million won, up to a maximum of 1 million won. Those with balances between 50 million and 100 million won will receive 15,000 won, while customers with balances between 10 million and 50 million won will receive 10,000 won.

Each person may participate with up to two accounts, making it possible to receive up to 2 million won in total if the conditions are met. However, rewards cannot be stacked across balance tiers, and shares purchased on margin are excluded from the balance calculation.

The share-lending service allows investors to lend their holdings to borrowers such as institutional investors in exchange for a lending fee. When the contract ends, the investor receives back shares of the same issue and quantity.

The service operates on an open-ended basis with no predetermined end date. The contract terminates when either party notifies the other of its intention to close the transaction.

"There is growing interest among long-term shareholders in services that let them generate additional returns from their existing assets," said Jeong Jae-hun, head of Daishin Securities' passive sales division. "The share-lending service is highly practical in that it allows investors to pursue supplementary income while maintaining their existing investment strategy."

Daishin Securities is also running a separate event through July 31 offering cash rewards to customers who transfer a maturing individual savings account into a pension savings account or make new deposits into a pension account. Payments of between 20,000 won and 1 million won will be made based on the net amount deposited during the period, with cash disbursed on Sept. 15.


th5@heraldcorp.com