NH Investment and Securities Co. has been stepping up its investment in overseas securities with its solid mobile trading system as a base after being born as the largest securities firm in Korea in terms of assets from the merger of the two leading securities firms, NH Securities and Woori Investment and Securities, at the end of last year.
The company boasts a top overseas securities trading system, with the company engaged in brokering in the securities markets in 31 countries, including online in seven jurisdictions such as the U.S., Germany, China, Hong Kong, Britain and Australia. Online trading volumes increased sharply in Britain and Germany thanks to quantitative easing taken by EU.
The company launched an Android mobile trading system in January, with the Mug Smart as a base, which won various MTS awards in 2014 and is said to have secured many customer-friendly conveniences.
An outstanding benefit in the MTS of NH I&S has been requiring no deposits for overseas securities trading as it has a domestic currency deposit requirement. The currency exchange can be done daily from 9 a.m. to 4 p.m.
Korean currency deposits can take place in the foreign currency deposits in the company’s MTS for overseas trading, allowing the foreign currency exchange to be made the next day for the convenience of customers. Customers can start trading in foreign securities as soon as they open their Korean currency deposit accounts with NH I&S.
Investors can make mock investments with NH I&S, one of the advantages that are available to investors offered by the securities firm since last October so that they can have a taste of what its like to invest in overseas stocks. The company said many of those who had mock investments in overseas stocks became real investors as they learned what it’s like to invest in overseas stocks.
Also, NH I&S is the only securities firm in the industry that has an “automatic sale solution” for overseas stocks. Octo Global Installment Savings is a service that the company provides to customers. The company makes stock transactions on given dates during and exchanges currencies on designed dates for customers automatically. The system really comes in handy for investors of U.S. and European stock markets, because of the large time difference.
The company also introduced an automatic split sale system of stocks (Global Smart Investors) under which 100 kinds of different foreign stocks can be dealt with, including global ETF 40 and 60 U.S. blue chip stocks automatically.
A new giant securities company emerged in Korea, as NH Financial Holdings’ acquisition of Woori Investment & Securities is being wrapped up.
The new corporation was scheduled to be launched last Dec. 31. The company takes the name of NH Woori Investment & Securities in view of the high brand awareness and competitiveness of the merged company.
NH Financial Holdings is planning to grow the new company into a stock firm representative of Korea — one that will lead its capital market. Once founded, NH Woori Investment & Securities will become the largest securities company in Korea with an equity capital of 4 trillion won ($3.9 billion). The short-term goal of the company for the year of 2020 is 5.7 trillion won ($5.6 billion) in total capital, 400 billion won ($392 million) in current net income, 7.5 percent in return on equity (ROE), and 55 percent in wholesale rate.
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