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Kakao Pay Securities announced on the 26th that the number of opened domestic stock return accounts (RIA) has exceeded 50,000.
This is as of the 6th of last month, 45 days after its initial launch on March 23. Kakao Pay Securities explained, "This accounts for approximately one-quarter of the industry's total of about 200,000 RIA accounts."
Users showed a trend of reinvesting profits realized from overseas AI (Artificial Intelligence) and semiconductor stocks into the domestic semiconductor and AI value chains through Kakao Pay Securities' RIA.
The top overseas stocks deposited into RIA accounts by deposit amount were Nvidia, Tesla, SOXL (semiconductor 3x leveraged ETF), Alphabet, and Palantir, in that order. The top domestic stocks by purchase amount were Samsung Electronics [005930], SK Hynix [000660], TIGER Semiconductor TOP10 ETF, KODEX AI Power Core Equipment ETF, and Hyundai Motor Company [005380], in that order.
When classified by sector, AI and semiconductors accounted for the highest proportion at 19% among the top 40 overseas stocks in RIA account balances. Electric vehicles (8%) and big tech (6%) followed.
Among the top 30 domestic stocks, AI and semiconductors also showed the largest proportion at 16%.
Kakao Pay Securities stated, "There is a trend of users with overseas stock investment experience expanding their investment scope to include leading domestic stocks and ETFs."
They also explained, "We believe that the simple account opening process has also contributed to the spread of RIA. Existing Kakao Pay Securities comprehensive account holders can quickly open an RIA account in a similar way to pension savings and ISA (Individual Savings Account) accounts."
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