“Dad purchased Samjeon and cacao”… There is a motive youngsters nowadays get shares as a substitute of pocket cash – Mael Enterprise Newspaper

# Mr. A referred to as a securities firm to open a inventory account for his little one, however after an extended wait, he couldn’t open the account and at last gave up.

# Mr. B visited the financial institution with a certificates of household relationship, a stamp, an authorized copy, and a guardian’s ID card to open a inventory account for his little one, however ultimately he did not open a inventory account. It’s because further paperwork had been required because the required paperwork had been totally different for every safety firm. After going to the financial institution a number of instances, Mr. B was in a position to open a inventory account for his little one.

Till simply two years in the past, it was simple to search out circumstances like A and B the place dad and mom had problem opening inventory accounts for his or her youngsters. However just lately, this sense is altering. It’s because the Monetary Providers Fee has reformed the method for creating accounts for kids.

In line with the securities market on the twentieth, from Might 2 final yr to Might 2 this yr, the entire variety of minor belief account openings on the high 5 securities firms (Mirae, Korea Funding, Samsung, KB, and NH Funding). & Securities) was 392,136. This is a rise of 48.59% in comparison with the annual variety of small belief account openings this yr of 263,902.

Kiwoom Securities beforehand introduced on March 27 that the variety of underage clients exceeded 480,000. This can be a notable enhance because the variety of underage clients at Kiwoom Securities was lower than 40,000 in 2019.

The explanation why opening accounts for minors has develop into significantly lively in recent times is as a result of the ‘Non-Face-to-Face Actual Title Verification Pointers’ had been revised final April to permit by dad and mom with authorized illustration to open accounts of their youngsters’s register. names by a non-face-to-face technique.

The Monetary Providers Fee carried out these measures to implement ‘monetary regulatory innovation steerage’. That is to permit dad and mom, as authorized representatives, to open accounts for his or her youngsters at monetary firms resembling banks and securities firms non-face-to-face, thus decreasing the trouble of getting to go to a department with varied paperwork or connect copies. of supporting paperwork.

After making ready a father or mother’s ID card, household relationship certificates, and primary certificates, you possibly can open an account to your little one by accessing the applying. Though there are slight variations within the technique of opening an account for every firm, the purpose is that you should use it anytime, wherever utilizing your cell phone with out having to go to a department in particular person .

There may be evaluation that the truth that massive tech firms resembling Kakao Financial institution and Toss Financial institution entered the securities business and the non-face-to-face demand resulting from COVID-19 coincided with evaluation the ‘non-face-to-face-. override actual identify authentication directives’. In actual fact, on account of Individuals Energy Celebration lawmaker Lee Joo-hwan’s evaluation of information obtained from KEB Hana Financial institution, KB Kookmin Financial institution, and Korea Securities Depository, the variety of folks beneath the age of 18 who had accounts replenish from 187,532 in 2018 to 601,568 in 2020. It has greater than tripled in two years.

As demand for non-face-to-face providers will increase, buyer comfort is added, and safety firms are additionally responding positively.

An official from the securities business additionally stated, “Because the opening of accounts for minors could possibly be so as in any respect securities firms beginning final yr, clients who had beforehand been inconvenient opened to go to department accounts for his or her youngsters as a result of the rise is that we held an account opening occasion specializing in capital beneficial properties from long-term investments,” he stated.