Kiwoom Securities Offers Up to 140,000 KRW in Benefits for Trading ETFs via Brokerage-Type ISA

Kiwoom Securities announced on July 10 that it is holding an event titled "Trade ETFs in a Brokerage-Type ISA and Receive Benefits of up to 140,000 KRW." Customers who trade eligible asset management companies' exchange-traded funds (ETFs) will be entered into a drawing to receive a mobile gift certificate worth up to 140,000 KRW, depending on their net purchase amount.

The eligible asset management companies' ETFs include Kiwoom Asset Management (KIWOOM), Mirae Asset Global Investments (TIGER), Samsung Asset Management (KODEX), Korea Investment Management (ACE), KB Asset Management (RISE), Timefolio Asset Management (TIMEFOLIO), and Truston Asset Management (TRUSTON).

A brokerage-type ISA allows investors to directly invest in domestically listed stocks and a variety of financial products through a single account. For net profits generated within the account, the general type offers tax exemption benefits of up to 2 million KRW, while the type for low-income individuals offers up to 4 million KRW. However, if the account is closed early before fulfilling the mandatory three-year holding period, these tax benefits do not apply. In such cases, any taxes that were reduced under special tax treatment will be collected retroactively, so investors should be aware of this.

A Kiwoom Securities representative stated, "ETFs are products that allow for efficient diversification and also have the advantage of being as easy to trade as stocks. Investing in ETFs through a brokerage-type ISA account with tax-saving benefits, while also enjoying the event benefits, is a great opportunity."

To receive the event benefits, customers must apply for the event. Detailed information about this event can be found on the Kiwoom Securities website.