13,615 young investors take part; purse totals 38 million won
Top three winners receive prize money and a KB Securities internship opportunity
KB Securities held an awards ceremony for "Motu's Marble," a mock investment contest for young people run jointly with the National Pension Service and North Jeolla Province. More than 13,000 young investors took part, and the top winner posted a return of 151.03 percent.
KB Securities said Wednesday it held the awards ceremony for "Motu's Marble" at the seventh GENIE Forum, which took place Thursday near the National Pension Service in the North Jeolla Province innovation city.
"Motu's Marble" is a mock investment contest designed to give young people a chance to experience the market and build sound investment habits before making real investments.
The contest, which carried a purse of 38 million won ($28,300), opened for applications on July 20 and ran for three weeks, from Aug. 3 to Aug. 21. A total of 13,615 young investors took part.
The first-place winner posted a return of 151.03 percent and received 20 million won in prize money. The second- and third-place winners posted returns of 81.71 percent and 80.34 percent, respectively, earning 10 million won and 5 million won.
Along with the prize money, the top three winners will also get the chance to take part in a KB Securities internship. The company said the internship is meant to build on the mock investment experience by giving winners a deeper understanding of the financial investment business and hands-on work experience.
The contest was one of the key initiatives under an MOU on building a financial ecosystem and boosting the regional economy, signed by KB Financial Group, the National Pension Service and North Jeolla Province.
"I hope this mock investment contest served as an opportunity for young people to experience the capital market firsthand and develop sound investment habits," said Lee Hong-koo, president of KB Securities. "We will continue to put customers' investment experience first and keep upgrading our services and content going forward."
KB Securities has also been expanding its AI-based consumer protection system. In July, the company introduced a service that uses AI to check in real time the enrollment process for customers subscribing to public offering funds via tablet. It expanded the service to wrap accounts starting Aug. 31. Under the system, AI checks whether product explanations and required disclosures were fully covered before a customer leaves a branch. If any gaps are found, staff provide additional explanations and re-record the consultation on the spot.
hajun825@heraldcorp.com
