Shinhan app allows for opening of many brokerage accounts

Published
A model promotes Shinhan Bank's newly released service that enables customers to open brokerage accounts at nine different brokerages at once through the bank's mobile app. [SHINHAN BANK]
A model promotes Shinhan Bank's newly released service that enables customers to open brokerage accounts at nine different brokerages at once through the bank's mobile app.

Shinhan Bank said Monday it released a service that enables customers open brokerage accounts at nine different brokerages at once using the bank's mobile app, dubbed Shinhan SOL.

The nine brokerages include Mirae Asset Securities, Korea Investment & Securities, and Hanwha Investment & Securities.

"We dramatically slimmed down the processes needed to make new brokerage accounts considering customer needs to take part in large initial public offerings scheduled later this year," Shinhan Bank said in a statement.

The bank said it plans to expand partnerships with more brokerages in the future.

BY KIM JEE-HEE [kim.jeehee@joongang.co.kr]