Hanwha Investment announced Monday it is running a "Switch Your Stock Loan!" event offering a 4.5 percent annual interest rate for 90 days.
The event targets customers at other brokerages who currently use domestic stock margin financing or collateral loans. Customers who use Hanwha Investment's stock loan transfer service by Sept. 30 will receive the 4.5 percent annual rate for 90 days.
The stock loan transfer service, which Hanwha Investment introduced last year as the first of its kind in the industry, allows customers to move high-interest loans from other brokerages without selling their holdings or repaying existing debt. Because customers can switch loans without disrupting their existing stock portfolios, the Financial Services Commission has designated it an innovative financial service.
A key advantage is that customers can check their loan eligibility in advance through a mobile MyData service and apply for the transfer with ease. Approval, however, is subject to the outcome of a loan screening.
Im Ju-hyeok, executive director of Hanwha Investment's asset management division, said the event was designed to ease the interest burden on customers amid recent shifts in the investment environment. "We plan to continue offering benefits that support customers across all aspects of their financial lives," he added.
Beyond the stock loan transfer service, Hanwha Investment is expanding its customer-tailored offerings — including the launch of a pension consulting center this month — in response to growing demand for specialist advice on pension systems, asset management, retirement income and tax-saving strategies as the pension market expands. The company is also moving aggressively into the digital asset market, committing a strategic investment of about 30 billion won ($21.1 million) in Digital Asset, a blockchain infrastructure firm specializing in global finance.
yuni@heraldcorp.com
