Samsung Securities "Invest in Brokerage-type ISA and Receive Rewards"

Event ongoing until July 31

Samsung Securities announced on the 27th that it will hold an event until the end of July, offering gift certificates and prizes to customers holding brokerage-type Individual Savings Accounts (ISA).

The ISA account is a system introduced by the government to provide citizens with opportunities to build assets, offering various benefits including tax advantages.

It is tax-exempt up to a taxable base of 4 million KRW (2 million KRW for the general type), and if the earnings exceed this amount, the excess is taxed at a low rate of 9.9%. Tax benefits require maintaining the ISA account for more than three years, but even if withdrawn within three years, tax benefits are retained if withdrawals are within the principal amount. The annual contribution limit is 20 million KRW, with a maximum of 100 million KRW, and unused contribution limits can be carried over to the following year.

Samsung Securities' 'Brokerage-type ISA Reward' event is conducted in four categories targeting △new brokerage-type ISA account openers △customers with brokerage-type ISA balances of 100 KRW or less △net depositors in brokerage-type ISA △customers investing 1 million KRW or more in stocks and financial products within brokerage-type ISA accounts.

The first 'Welcome Event' offers a 5,000 KRW Emart-GS Caltex gift certificate to customers who newly open a brokerage-type ISA account at Samsung Securities and make a net deposit of 100,000 KRW or more.

The second 'Startup Event' provides a 10,000 KRW Emart-GS Caltex gift certificate to customers whose brokerage-type ISA account balance is 100 KRW or less as of May 31, 2024, and who deposit between 1 million KRW and less than 10 million KRW. This excludes customers eligible for the Welcome Event and is limited to new account openers during the event period.

The third 'Level-up Event' awards gift certificates based on the net deposit amount (including transfers from other companies) during the event period: net deposits between 10 million KRW and less than 30 million KRW receive a 50,000 KRW Emart-GS Caltex gift certificate, and net deposits of 90 million KRW or more receive up to a 250,000 KRW Emart-GS Caltex gift certificate.

The fourth 'Boom-up Event' offers prizes through a lottery for customers who purchase online products worth 1 million KRW or more within their brokerage-type ISA accounts. Prizes include two Galaxy S24+ 256GB phones, two Rimowa carriers, and two Galaxy Tab S9 FE tablets.

However, for all four events, customers must maintain their ISA account balance until August 30. To participate, customers must apply for the event through the Samsung Securities website or the mobile app 'MPOP' during the event period.

Meanwhile, Samsung Securities is also running a brokerage-type ISA account opening congratulatory event offering lifetime benefits on domestic stock trading commissions. Until December 2024, customers trading domestic stocks online through Samsung Securities brokerage-type ISA accounts will enjoy lifetime commission rates of 0.0036396% for stocks and 0.0042087% for ETFs/ETNs.