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Lee Gwang-jae and Democratic Party lawmaker said, “If you can buy first-class stocks with 0.1 shares like the United States, the stock market will serve as a solid support for the income of Donghak ants and the middle class.”
On the 4th, Congressman Lee co-hosted a discussion meeting of’Choose No. 1 Stocks for a Cup of Coffee’ at the National Assembly Hall with Lee Dong-soo and Maeng Seong-gyu. It should be possible,” he said.
Rep. Lee also stressed that “we should open the way to a regulatory sandbox, centering on companies that are willing to introduce services.”
Decimal stock trading is a method of trading by lowering the minimum unit of stock trading from one share to the decimal point. For example, Samsung Electronics, which costs 84,000 won (closed on the 3rd)(82,600 -1.67%) Assuming that you can buy 0.1 shares, you can buy it for 8400 won.
The UK has also recently begun trading minority units for some stocks, leading the US, which has a large number of stocks. In the United States, fintech brokers and advisors (RIA) and traditional online brokers have been popularized by providing value-based transactions and small portfolios, and in the United Kingdom, P1 Investment, a dedicated and advisory company, was the first to use a small number of British stocks through a designated agent Started offering deals.
The introduction of decimal point trading will enable small investment in high-priced stocks and improve investor convenience and asset management efficiency, Lee explained.
Rep. Lee said, “In the era of ultra-low interest rates, ordinary individuals who wish to increase their assets will have the opportunity to invest in small amounts without burden through small-scale stock transactions.” It will be able to be implemented in a way,” he expected.
At the debate on this day, Young-Joon Ryu, President of the Association of Korea Fintech Industry Association, Kakao Pay CEO, Hyo-seop Lee, Head of Financial Industry Dept. of Capital Market Research Institute, and Jeho Byeon, Head of the Financial Services Commission’s Capital Markets, presented keynote speeches to discuss the necessity and possibility of trading decimals in domestic stocks.
Song-ryul Lee, reporter of Hankyung.com [email protected]
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