KIWOOM Securities Co., Ltd.'s promissory note balance rises to 1.5 times its year-start level; average of 94.68 million won per customer

[Financial News] KIWOOM Securities Co., Ltd. said on the 21st that, as of September 29, the average promissory note balance per individual customer stood at 94.68 million won. That was a 51% increase from 62.86 million won per customer recorded on January 2.
Over the same period, the total promissory note balance held by individual customers rose to 659.6 billion won, about 5.5 times the 120.9 billion won recorded previously.
Promissory notes are short-term financial products with maturities of up to one year, issued by securities firms on their own credit.
By age group, balances among users in their 20s grew about 14-fold, outpacing other age groups. Over this period, the average balance per customer in their 20s also rose 93%, from 13.35 million won to 25.71 million won—the steepest increase of any age group.
Balances among customers in their 30s increased about 6.9-fold, while the average balance per customer rose 75%. The share of total balances held by customers in their 20s and 30s grew from 7.6% to 10.5%. Among customers in their 40s, balances increased about 5.9-fold, and the average balance per customer rose 91%.
Customers aged 60 and over had the highest average balance, at 137.85 million won, followed by those in their 50s, at 106.57 million won.
A KIWOOM Securities Co., Ltd. representative said, “Promissory note balances are steadily rising, led by customers in their 50s and 60s, while the investment amounts of customers in their 20s and 30s are also growing rapidly.” The representative added, “We will diversify our product lineup and continue to improve service convenience so customers can conveniently manage their surplus funds.” 


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