📈 Kiwoom Securities: Promissory Note Funds and Order Disruptions in the Same Mix - 2026.10.22

Well now, it’s me, Onion! The Kiwoom Securities scene is really buzzing today~ 🧅 Reports said the stock closed lower ^{[5] [6]}, and news of order disruptions piled on the same day ^[1]. It’s like fund flows and an incident were served up on the same plate. Today, let’s start with the trends rather than the numbers.

Stock Closes Lower: Starting with the News 📉

Market data shows the October 22 closing price was ₩217,500, down -2.68%. That’s a drop from the previous day’s close of ₩222,000. Trading volume was 44,805, lower than the day before. Some headlines also reported the size of the decline, but since that doesn’t match our table, I’ll stick to the direction and leave out the figure this time. Looking at the broader recent trend, the closing price moved between ₩210,000 and ₩227,500. What a roller coaster, haha!

Order Disruptions: 85% Said to Be Concentrated at One Firm

According to EBN, stock order disruptions occurred at securities firms over the past five years, and 85% of them—the vast majority—were concentrated at Kiwoom Securities ^[1]. Goodness, when orders get stuck, investors’ nerves get tangled up too. If it had happened just once or twice, we might brush it off, but a report covering five years is more concerning. The headline alone doesn’t tell us the cause or details, so I won’t jump to conclusions here. The key question is why so many incidents were concentrated at one firm.

Promissory Note Funds and Losses: Two Sides of the Same Story

On the promissory note front, Korea Report published a story. Individual customers’ balances have grown about 5.5-fold since the start of this year, reaching 659,600,000,000 KRW ^[2]. After watching the market for a long time, the first thing that catches my eye is where the money is flowing. Well now, you can see the funds moving!

But there’s also the story of losses on the other side. A report says individual investors who invested in leveraged Samsung Electronics and SK hynix stocks lost 6,300,000,000,000 KRW over two and a half months, with people in their 40s and 50s bearing 62% of the losses ^[3]. The report that individual investors who traded through Kiwoom had the largest losses, at 1,287,000,000,000 KRW, points to the same trend ^[4]. However, reports differ on the total, citing 6,300,000,000,000 KRW and 2,300,000,000,000 KRW, so rather than fixating on one big number, I’ll focus on the overall trend. Onion thinks that if funds keep flowing into promissory notes, it will strengthen the bullish scenario. But the fact that money has also been moving into loss-making investments is a wild card.

What’s Still Uncertain: These Are the Questions ☕

I’m most curious about how the order disruption investigation will be wrapped up, whether individual investors’ money flowing into promissory notes will continue, and how the stock will move between ₩210,000 and ₩227,500. Orders are disrupted, funds are moving all over the place—what a tangled-up scene. Still, it’s an interesting one~ Aren’t you curious how long the money will stay in promissory notes?

📰 Reference News (6)

2

Kiwoom Securities’ Individual Promissory Note Balance 659,600,000,000 KRW… 5.5 Times the Start-of-Year Level - Korea Report

네이버뉴스 · 2026.10.21

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3

6.3 Trillion in Losses in Two and a Half Months… People in Their 40s and 50s Bore 62% [The Truth Behind the Numbers]

네이버뉴스 · 2026.10.22

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4

Retail Investors Lose 2,300,000,000,000 KRW on Single-Stock Leverage… Investors in Their 40s Took the Biggest Hit

네이버뉴스 · 2026.10.21

📰 View original

5

Kiwoom Securities Stock Closes After Falling 7,000 KRW - Asia News Agency

아시아뉴스통신 · 2026.10.22

📰 View original