Hana Financial Group's fintech platform, FinK, has broadened its investment product offerings by adding stock-backed loans to its online investment comparison and recommendation services.
On November 13, FinK announced its partnership with HiFunding, a specialized provider of stock loan services, allowing users to compare and recommend stock-backed investment products through the Hana FinK app.
Since being designated as an innovative financial service by the Financial Services Commission in July 2022, FinK has been operating a comparison and recommendation service for investment products linked to online investment businesses. In addition to existing real estate and pre-settlement investment products from Krepel and 8Percent, HiFunding's stock loan products have now been included in the comparison options.
Stock loans allow borrowers to secure loans using their owned stocks as collateral. Investors can review the investment period, expected returns, and collateral conditions associated with these loans before making investment decisions.
Notably, the service includes a mechanism for automatic liquidation of collateral stocks if the collateral maintenance ratio falls below a certain level due to stock price declines. However, investors should be aware that even with this mechanism, principal losses may occur depending on market conditions, such as sharp declines in stock prices.
FinK plans to provide users with key conditions, risk factors, and borrower information for each product to support informed investment decisions.
A FinK representative stated, "With the addition of HiFunding, the range of investment products available for comparison and review on Hana FinK has now expanded to include stock-backed products. We will continue to enhance our partnerships and product offerings while strengthening consumer protection measures."
* This article has been translated by AI.
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