Customers who trade eligible exchange-traded funds (ETFs) from participating asset management companies will be entered into a draw to receive a mobile cultural gift certificate worth up to 180,000 KRW, depending on their net purchase amount. Additionally, customers who purchase at least one share of the eligible ETFs will receive a Starbucks coffee gifticon on a first-come, first-served basis.
The eligible ETFs are managed by Mirae Asset Global Investments (TIGER), Samsung Asset Management (KODEX), Korea Investment Management (ACE), KB Asset Management (RISE), TIMEFOLIO Asset Management (TIMEFOLIO), and KCGI Asset Management (KCGI).
A pension savings account is a tax-saving product that allows investors to invest in ETFs, funds, and other products, and later receive the proceeds in the form of a pension.
Anyone can open an account regardless of age or income, and after five years of participation, withdrawals can be made starting at age 55. During the contribution period, account holders can benefit from a tax deduction (up to 6 million KRW per year). When receiving payments as a pension, a low tax rate (5.5% to 3.3%, including local income tax) is applied. However, if funds are withdrawn or the account is closed before maturity, an additional income tax (16.5%, including local income tax) may be imposed depending on the reason for withdrawal.
A representative from Kiwoom Securities stated, "ETFs offer efficient diversification and have the advantages of being traded as easily as stocks. We hope this event provides a great opportunity for customers to enjoy the benefits of ETF investment through tax-advantaged pension savings accounts, along with the additional event benefits."
Further details about this event can be found on the Kiwoom Securities website.
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