Shinhan Investment Corp. Launches Non-Face-to-Face Service for Tax-Free Comprehensive Savings Accounts

Shinhan Investment Corp. announced on December 24 that it has launched a non-face-to-face service for opening new tax-free comprehensive savings accounts through the Shinhan SOL Securities application. This service was introduced to reduce the inconvenience of branch visits for financially vulnerable groups and to improve accessibility to tax-supported financial products.

Shinhan Investment Corp. has streamlined the process by allowing users to submit required documents for tax-free comprehensive savings account enrollment-such as disability registration cards, certificates of national merit, and basic living recipient certificates-simply by taking photos within the app. After document review, the account opening is completed, and even new customers can immediately create a dedicated tax-free comprehensive savings account without having to open a separate comprehensive transaction account.

The non-face-to-face account opening service is available to financially vulnerable individuals who meet the requirements for tax-free comprehensive savings accounts under relevant laws, including people with disabilities, national and independence merit recipients and their families, basic living recipients, and 5·18 Democratization Movement merit recipients. However, those aged 65 or older can only open accounts at branches, and those subject to comprehensive financial income taxation (with annual financial income exceeding 20 million KRW in any of the previous three tax years) are excluded from eligibility.

The tax-free comprehensive savings account is a representative tax-supported financial product designed to help financially vulnerable groups build stable assets. Within a deposit limit of 50 million KRW for financial products, interest and dividend income are exempt from the 15.4% income tax.

A Shinhan Investment Corp. representative stated, "In line with Shinhan Financial Group's mission of 'Warm Finance Together for the Future,' we have expanded non-face-to-face services so that financially vulnerable groups can more conveniently access institutional benefits," adding, "We will continue to introduce services that improve financial accessibility and lower financial barriers."