Investors-rush-to-foreign-stocks
NH Investment & Securities says that its mobile services called Namuh will launch an event to meet the increasing needs of customers for overseas shares. Photo courtesy of NH Investment & Securities

Securities company vies to meet new needs of customers

NH Investment & Securities said on May 19 that its mobile services called Namuh will launch an event to meet the increasing needs of customers for overseas shares.

The Seoul-based brokerage house plans to offer a discount in commissions for foreign stocks. It will also exempt upfront fees for fund products, and fees for domestic stocks will be exempted for good.

New investors who take advantage of the Namuh application will be able to enjoy the unprecedented benefits in case they purchase overseas stocks through the platform.

According to NH, even existing clients who did not trade foreign shares for the past year will also be able to savor the same benefits.

As an increasing number of individual investors join the stock market after the COVID-19 outbreak. We will continue to offer the customized services so that newcomers in the stock market will be able to start with Namuh,” an NH official said.

People can check the details at the website of Namuh (www.mynamuh.com) or its mobile application.

NH Securities was launched in 2006 when Sejong Securities was incorporated into the National Agricultural Cooperate Federation, otherwise known as Nonghyup.

Currently, CEO Jeong Young-chae is heading the Seoul-based brokerage whose largest shareholder is NH Financial Group. Its stake is 76.09 percent.