NH Investment & Securities will suspend its mobile and mobile web non-face-to-face account opening services on the 25th from 9:30 AM to 10:30 AM for approximately one hour. The suspension is due to system work for introducing a foreign stock omnibus account service aimed at improving foreign investors' access to the Korean stock market. The company announced the temporary service interruption on the 21st according to industry sources, with the system expected to undergo final upgrades and inspections before the official service launch.
NH Investment & Securities Schedules System Maintenance for Omnibus Account Launch
According to industry sources on the 21st, NH Investment & Securities announced that it will temporarily suspend non-face-to-face account opening services through its mobile trading system (MTS) and mobile web on the 25th from 9:30 AM to 10:30 AM. The stated reason for the service interruption is "foreign stock omnibus account system work." The securities firm is conducting system upgrades and final inspections before launching the related service.
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NH Investment & Securities Held Partnership Discussions with Multiple Global Platforms
NH Investment & Securities has been in contact with multiple securities firms, including the largest US retail investor platform Company A, to discuss omnibus account partnerships. Company A, one of the platforms contacted, is the largest mobile securities platform in the United States with over 27 million customers. The platform is known for attracting a large number of MZ generation retail investors with its zero-commission trading model.
Once NH Investment & Securities implements the omnibus account system, it will serve as an interbroker providing a gateway for overseas retail investors to invest in Korean stocks. Through the omnibus account, foreign investors will be able to easily trade Korean stocks through global securities firms without having to open individual accounts at domestic securities firms. Not only trading orders but also settlement and currency exchange will be processed collectively within the omnibus account, maximizing transaction convenience and efficiency.
Korean Securities Firms Accelerate Omnibus Account Service Adoption
Samsung Securities launched related services with global online securities firm Interactive Brokers (IBKR) in May. Mirae Asset Securities subsequently partnered with Singapore's UOB Kay Hian to launch services targeting Southeast Asian investors. Shinhan Investment Securities formed a partnership with Hong Kong's Guangfa Securities. Yuanta Securities and Daishin Securities also signed memorandums of understanding (MOU) with global platform securities firm Alpaca.
An NH Investment & Securities official stated, "The omnibus account partner has not been finalized," explaining that "this system construction is being carried out preemptively for future service introduction."
FAQ
What is NH Investment & Securities doing on the 25th?
NH Investment & Securities will suspend its mobile and mobile web non-face-to-face account opening services on the 25th from 9:30 AM to 10:30 AM for system work related to introducing a foreign stock omnibus account service.
Which global platforms has NH Investment & Securities contacted for omnibus account partnerships?
NH Investment & Securities has been in discussions with multiple securities firms including the largest US retail investor platform Company A, which has over 27 million customers and is known for zero-commission trading targeting MZ generation investors.
How does an omnibus account benefit foreign investors?
Through an omnibus account, foreign investors can easily trade Korean stocks through global securities firms without opening individual accounts at domestic securities firms, with trading orders, settlement, and currency exchange processed collectively within the account.
