[SEOUL - July 27, 2020] Dunamu (CEO Sirgoo Lee) today announced that mobile trades for Stockplus, the company’s social stock trading platform, more than doubled in the 1st half of 2020, increasing by 117.5% compared to the same period last year. The total trading volume for Stockplus surpassed KRW 100 trillion (approx. USD 83.2 billion) in July 2020.
With mobile trading systems continuing to gain popularity in South Korea, Stockplus has seen a surge in transactions. The platform’s mobile trading volume for the 1st half of 2020 was KRW 24.4 trillion (approx. USD 2 billion), which is nearly KRW one trillion higher than the total for the entire year of 2019.
“COVID-19’s impact on the stock market and high-profile IPOs like SK Biopharmaceuticals has attracted a number of new individual investors, who tend to prefer mobile trading platforms,” said Buster Suh, Dunamu’s Global Communications Manager. “Stockplus’s trading volume has grown rapidly in July and we expect the trend to continue for the foreseeable future.”
In addition to topping KRW 100 trillion in total trading volume, Stockplus also has over four million total app downloads as of July 2020. Stockplus launched in 2014 as South Korea’s first social stock trading platform. It allows investors to trade securities through top brokerage firms and provides premium content such as AI-based analysis and investment strategy reports. Stockplus users can also easily share information via Kakao Talk, the country’s most popular messaging service. Through its versatile and user-friendly mobile app, Stockplus greatly lowered the threshold for investing, providing newcomers with a reliable and engaging entry point into the stock market.