Samsung Securities to Hold Notification Event Ahead of Issuance-Note Launch

[Financial News] Samsung Securities has prepared an event ahead of the launch of its issuance-note product this month.
Samsung Securities announced on the 14th that it will hold an issuance-note launch notification event through the 18th. The event is open to individual customers residing in South Korea, and 1,000 applicants selected by lottery will receive pizza when they sign up for notifications about the launch of Samsung Securities’ issuance notes.
To help customers better understand issuance notes, the company will also provide information in a quiz format, covering topics such as what kind of financial product issuance notes are, which entities can issue them, and what Samsung Securities’ credit rating is.
Issuance notes are products with maturities of up to one year that securities firms designated as comprehensive financial investment business operators, with equity capital of at least 4 trillion won, issue on their own credit. They may be issued up to 200% of the issuer’s equity capital.
After the Financial Services Commission (FSC) gave final approval on the 9th to Samsung Securities’ application to operate an issuance-note business, Samsung Securities became South Korea’s eighth issuance-note business operator. Korea Investment & Securities, Mirae Asset Securities, NH Investment & Securities, KB Securities, KIWOOM Securities, Hana Securities, and Shinhan Investment & Securities had previously received approval to issue issuance notes.
Samsung Securities plans to introduce its first issuance-note product this month. A Samsung Securities official said, "We hope the launch of issuance notes will help customers manage their assets."

[email protected] Minji Seo Reporter