Shinhan Investment Corp. Launches Lifetime Commission Benefit Event for Brokerage ISA Domestic Stock Trading

[Asia Economy Reporter Lee Jung-yoon] Shinhan Investment Corp. announced on the 9th that it will hold a lifetime domestic stock commission benefit event for brokerage-type Individual Savings Accounts (ISA).

This event offers customers who open a new brokerage-type ISA account or transfer their account from another company and trade domestic stocks online between March 1 and March 31 the benefit of using commission fees free of charge for life, excluding related institution fees (0.00363960%). The same event benefits apply to customers who reopen an existing brokerage-type ISA or convert a general account to a brokerage-type ISA.

An ISA is an Individual Savings Account that has the advantage of taxing only the net profit, which is the combined profit and loss of financial products within the account. Additionally, net profits up to 2 million KRW are tax-exempt, and any excess is subject to separate taxation at a reduced rate of 9.9%.