KB Kookmin Bank Launches ISA Trust-Type Domestic Listed Stock Investment Service

First Implementation in Banking Sector, Investment in Top 20 KOSPI 200 Stocks by Market Capitalization

[Asia Economy Reporter Park Sun-mi] KB Kookmin Bank announced on the 2nd that it will be the first bank in the industry to implement a service that allows investment in domestic listed stocks through the ‘ISA trust type.’

Through this implementation, domestic listed stocks, which could not be managed in the existing ISA trust type, have been added as new managed assets, expanding the range of asset products customers can choose from. Stocks available for investment in the ISA trust type account consist of the top 20 KOSPI 200 constituent stocks by market capitalization, including ▲Samsung Electronics ▲Kakao ▲Samsung Biologics. The investment instruction amount ranges from 500,000 KRW to 2,000,000 KRW.

The ISA trust type is a product that integrates various financial products into one account and offers tax exemption benefits if held for three years. Previously, only ‘savings/deposits, funds, derivatives, and ETFs’ could be managed, but now domestic listed stocks can also be managed together, allowing for tax benefits and the ability to manage various financial products at once. In particular, due to the tax reform scheduled for 2023, profits from trading listed stocks generated within the ISA trust type will be fully tax-exempt without any limit.

A KB Kookmin Bank official stated, “We plan to expand the product lineup so that customers can choose and manage various products through the ISA trust type in the future,” and added, “We will continue to strive to promptly respond to the diverse needs of financial consumers.”