Starting from the third quarter of next year, investors will be allowed to buy a fraction of a share, instead of being limited to purchasing a whole share.

The Financial Services Commission(FSC) said on Sunday that allowing smaller investments is aimed at expanding investors' access to high-priced shares and encouraging them to diversify their portfolios to better manage risks.

In 2019, the government changed regulations to allow domestic investors to purchase overseas stock in fractions, but this did not apply to the local market due to commercial law.

While investors will get dividends in accordance with their investments, they will not be able to vote as a shareholder, unless they own a whole share.

The change will be made by designating fraction purchases as part of innovative financial service. Brokerages wishing to provide such services can apply from next month.

The FSC plans to review revising the relevant Financial Investment Services and Capital Markets Act in the future.