Korea Investment & Securities, Bankis ISA 'Tax-saving Investment' Event

[Asia Economy Reporter Junho Hwang] Korea Investment & Securities, a subsidiary of Korea Financial Group, will hold a BanKIS ISA tax-saving investment event from the 23rd to the 10th of next month. BanKIS is Korea Investment & Securities' online trading service that can be opened non-face-to-face or through commercial banks.

This event targets BanKIS customers who open a brokerage-type ISA account and provides up to 20,000 KRW in cash based on the amount invested in stocks, exchange-traded funds (ETFs), equity-linked securities (ELS), and funds.

Among customers who deposit more than 10 million KRW into the ISA or whose ELS balance in the account increases by more than 5 million KRW, 3,080 people will be selected by lottery to receive prizes such as Galaxy laptops and Apple iPads.

Separately, until the 30th of next month, an event is also being held where mobile gift certificates worth up to 163,000 KRW will be given based on the account deposit amount and transaction amount when trading ETFs using the ISA account. Both events can be participated in simultaneously. You must apply to participate through the Korea Investment & Securities app or website.

Bonjeong Koo, Executive Director in charge of eBiz at Korea Investment & Securities, said, "From January 1, 2023, all income generated from domestic listed stocks and public stock-type funds invested through ISA accounts will be fully tax-exempt," adding, "If you open an ISA account in advance and manage the deposit limit, you can operate up to 100 million KRW tax-free and with separate taxation, so we recommend using this event to plan a tax-saving strategy."

For more details, please check the Korea Investment & Securities website or contact the customer center.