Mirae Asset Securities Reports 2.8 Trillion KRW in Overseas Stock Transfers Including Gifts Last Year, a 7-Fold Increase

Mirae Asset Securities announced on the 4th that the amount transferred through overseas stock gifts and other means reached 2.8 trillion KRW in 2024, marking an increase of more than seven times compared to the previous year.

Last year, the number of customers gifting overseas stocks was about 17,000, more than five times the 3,000 in the previous year. The major gifted overseas stocks were Nvidia with 5,900 people (800 billion KRW), Tesla with 5,200 people (470 billion KRW), Apple with 2,400 people (83 billion KRW), Microsoft with 2,000 people (94 billion KRW), and Amazon with 1,400 people (102 billion KRW), in that order.

The main reasons for the increase in overseas stock gifting are the expected growth potential of global assets and tax-saving effects. By gifting overseas stocks that have appreciated to spouses or children, it is possible to reduce overseas stock capital gains tax. Gifting overseas stocks with expected asset value appreciation in advance can reduce gift and inheritance taxes. For spouses, gifting up to 600 million KRW over 10 years is possible without gift tax burden; for adult children, up to 50 million KRW; and for minor children, up to 20 million KRW.

Mirae Asset Securities provides free customized tax consulting, including overseas stock gift tax filing agency services and tax-saving strategies, through its Wealth Management (WM) branches and the mobile app M.STOCK to minimize customers’ tax burdens.

The "Overseas Stock Volume-Up (VOLUME-UP) Event," ongoing since the 3rd of this month, offers cash rewards based on net deposit and net purchase amounts to customers using the overseas stock gift tax filing agency service, encouraging participation in financial tax-saving campaigns.

Additionally, in response to the growing demand for overseas stock gifting, Mirae Asset Securities is strengthening customer-tailored services. Utilizing WealthTech and AI-based reports, it provides sophisticated asset management solutions and various planner services to help customers systematically establish long-term investment, tax-saving, and gifting plans.

A representative from Mirae Asset Securities stated, "Overseas stock gifting is progressing beyond simple asset transfer and tax saving to become part of global asset allocation," adding, "We will continue to offer diverse services so that customers can manage their assets stably through intergenerational wealth transfer."

Through various customized services, Mirae Asset Securities offers differentiated investment ideas to customers based on investment strategies focused on global innovative companies with high growth potential and a global network. As of the end of 2024, overseas stocks reached 40.8 trillion KRW, an increase of 17.2 trillion KRW compared to the beginning of the year, and recorded a customer return rate of 64.1% (pre-tax annual return rate for retail customers).