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Summary: Non-South Korean investors looking to buy Kia stock have both direct and indirect investment options. This guide will comprehensively explore all these avenues. Either way, you’ll need access to a regulated broker, such as Interactive Brokers, to do so.
Best Platform for Worldwide Stock Trading & Investing
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Highly trusted multi-asset broker with clients in over 200 countries
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Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)
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Low commissions starting at $0 with no platform fees or account minimums
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Easily fund your account and trade assets in 26 currencies
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IBKR pays up to 4.58% interest on cash balances of $10k or more
About Kia
The company’s stock is listed on the Korea Exchange under 000270.
How to buy Kia stock? Step-by-step process
While Kia stock may not be readily accessible to investors outside South Korea, there’s an alternative route for international investors through Hyundai, which is a major shareholder in Kia. Hyundai, holding a significant stake in Kia, offers Global Depository Receipts (GDRs) that are available for trade on global markets.
By investing in Hyundai’s GDRs, investors indirectly gain exposure to Kia’s performance, considering Hyundai’s substantial ownership in the company. This method provides a practical solution for those looking to include Kia in their investment portfolio without direct access to the Korean stock market.
Now, let’s look at the step-by-step process.
Step 1: Choose a broker
Hyundai’s stock is listed on the Korea Exchange under the ticker 005380, and its Global Depository Receipts (GDRs) are accessible to international investors via over-the-counter (OTC) markets under HYMLY.
As a result, when selecting a broker, it’s important to choose one that offers access to international stocks or OTC securities. Additional considerations when sleecting a broker, include the brokerage fees, usability of the trading platform, quality of customer support, and the broker’s compliance with regulatory standards.
Our recommendation is Interactive Brokers (IBKR), known for its comprehensive access to global markets, making it a suitable choice for investing in Hyundai’s GDRs. It also offers:
- Commission-free stock trading;
- Global stock-trading on 90+ market centers;
- Fractional shares available;
- Extra income on fully paid shares;
- Lowest financing rates for margin accounts in the industry;
- No account minimum.
Best Platform for Worldwide Stock Trading & Investing
-
Highly trusted multi-asset broker with clients in over 200 countries
-
Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)
-
Low commissions starting at $0 with no platform fees or account minimums
-
Easily fund your account and trade assets in 26 currencies
-
IBKR pays up to 4.58% interest on cash balances of $10k or more
For investors looking to diversify their portfolio within this sector, there are several automotive industry stocks to consider:
- Ferrari;
- Rimac;
- BMW;
- Ford;
- Toyota;
- Honda;
- Nissan;
- Volkswagen;
- Renault;
- Jeep;
- Subaru;
- Volvo;
- Cadillac;
- Lexus;
- Mazda;
- Tesla;
- Lucid Motors;
- Rivian;
- Nio.
Step 2: Open and fund your account
Once you’ve chosen a suitable brokerage firm, the next step is to open and fund your investment account. After your account is approved and set up, you’ll need to deposit funds to cover your stock purchases and any associated fees.
Most brokerages offer various funding options, including bank transfers, debit card payments, or even wire transfers. It’s crucial to ensure that your account is adequately funded before you start trading, keeping in mind the investment amount and potential transaction costs. Remember, the time it takes for funds to be available for trading can vary depending on the chosen funding method and the broker’s policies.
Step 3: Place your order and invest in Kia
Follow these steps to invest in Kia.
- Log into your brokerage account: Access your account on the brokerage platform;
- Search for Kia or Hyundai stock: Look up the stock you intend to buy by its ticker symbol. For example, Hyundai GDRs trade under HYMLY on IBKR;
- Choose the order type: Decide between a market order (buying the stock at the current market price) and a limit order (setting a specific price at which you want to buy the stock);
- Specify the number of shares: Determine how many shares you want to purchase. You can either specify the number of shares or the total amount you want to invest;
- Review the order: Double-check the details of your order, including the number of shares, the total cost, and the order type;
- Confirm and execute the order: Once you are satisfied with the order details, confirm and execute the purchase;
- Monitor Your Investment: After purchasing, keep track of your stock investment to make informed decisions for potential future trading or investment adjustments.
In conclusion
In short, to invest in Kia, we recommend buying Hyundai (a major shareholder of Kia) stock, as it’s more accessible for international investors. Here’s a concise recap of the steps:
- Choose a broker: Select one that offers access to international stocks or OTC securities, like Interactive Brokers;
- Open and fund your account: Complete an online application, provide necessary details, and deposit funds;
- Place your order: Log in, search for Hyundai’s stock, choose order type, specify share quantity, review, and execute your purchase;
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Kia stock
What is Kia stock symbol?
Kia is listed on the Korea Exchange under the ticker symbol 000270.
How to buy Kia stock as an international investor?
Directly buying Kia stock outside South Korea can be challenging. International investors often opt to invest in Hyundai, a major shareholder in Kia, which is more accessible as GDRs via OTC markets.
What is Hyundai stock symbol and where is it listed?
Hyundai’s stock is listed on the Korea Exchange under the ticker 005380. Its Global Depository Receipts are also available via over-the-counter markets.
How to buy Hyundai stock?
To buy Hyundai’s GDRs, choose a brokerage that offers access to OTC markets. After opening and funding your account, search for Hyundai’s GDRs and place your order.
Best Platform for Worldwide Stock Trading & Investing
-
Highly trusted multi-asset broker with clients in over 200 countries
-
Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)
-
Low commissions starting at $0 with no platform fees or account minimums
-
Easily fund your account and trade assets in 26 currencies
-
IBKR pays up to 4.58% interest on cash balances of $10k or more
