Hi Investment & Securities Opens Brokerage ISA Bond Trading Service

Hi Investment & Securities announced on the 4th that it will start bond trading services within the brokerage-type Individual Savings Account (ISA) to strengthen its asset management services.

Accordingly, investors holding a brokerage-type ISA account at Hi Investment & Securities can trade both listed and over-the-counter bonds. Until now, investors could trade financial products such as listed stocks, funds, and equity-linked securities (ELS) through Hi Investment & Securities' ISA accounts, but now they can also trade bonds.

While financial product trading within ISA accounts is available through Hi Investment & Securities branches, the Mobile Trading System (MTS), and the Home Trading System (HTS), over-the-counter bond trading can be conducted through consultation with branch managers.

The brokerage-type ISA account allows investment in various financial products such as stocks within a single account and offers a tax exemption benefit of KRW 2 million (KRW 4 million for the low-income type) on dividends and interest income. For amounts exceeding KRW 2 million, a separate tax rate of 9.9% applies, and it is not included in the comprehensive financial income tax. Only one account can be opened per investor across all financial institutions, and investments can be made up to KRW 20 million annually, totaling KRW 100 million.

A representative from Hi Investment & Securities stated, "The ISA account is a product that allows investors to enjoy tax benefits and is a useful tool when investing in products that generate interest and dividend income such as bonds." He added, "With the recent push to increase the contribution and tax exemption limits of ISA accounts, we expect the utilization of ISA for tax-saving investments to increase significantly."