Kakao Pay Securities introduces fractional trading for domestic stocks from $0.75

Kakao Pay Securities is making stock market investment more accessible with its new fractional trading service for domestic shares. The service allows individuals to begin investing with amounts as low as 1,000 won (approximately $0.75 USD).

This new offering permits trading in units as small as 0.0001 shares. It represents an expansion of the fractional trading capabilities that Kakao Pay Securities first introduced for foreign stocks in 2022. The service is available to users who agree to the terms within their comprehensive account.

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We wanted to create an environment where anyone can start investing with small amounts without burden by supporting fractional trading for domestic stocks following foreign stocks.

Investment can be made based on either a specific amount or a quantity of shares. Selling fractional shares is limited to the exact amount purchased. Orders are processed collectively at set times, with reservations accepted outside these periods. Once accumulated fractional shares total one full share, they are automatically converted and can be traded like regular shares.

Kakao Pay Securities has also introduced a 'mixed order' feature, enabling users to buy whole and fractional shares of a stock simultaneously on a single screen. Initially, the service supports trading in Samsung Electronics, SK Hynix, and Ecopro, with plans to gradually increase the number of available stocks. Dividend payments for fractional shares will be distributed proportionally based on the number of shares held.

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Dividend rights processing is also distributed according to the holding ratio.