Woori Bank Launches 'Specific Money Trust KRX Gold'

[Asia Economy Reporter Kim Hyo-jin] Woori Bank announced on the 13th that it has launched the ‘Woori Bank Specific Money Trust KRX Gold,’ which invests in gold (Au) spot traded in real-time like stocks listed on the Korea Exchange (KRX).

The minimum subscription amount for the ‘Woori Bank Specific Money Trust KRX Gold’ is 5 million KRW, and additional deposits of 100,000 KRW or more are possible after subscription.

Capital gains from trading are tax-exempt, and if customers wish to withdraw physical gold, they can do so in the form of 99.99% purity gold bars (1kg units) certified by the Korea Minting and Security Printing Corporation.

A Woori Bank official said, “Through the launch of this product investing in the safe asset of gold spot, we aim to provide a good opportunity for customers interested in asset allocation and tax savings,” adding, “We plan to continue launching customer-centered products and services.”