Kiwoom Securities (039490.KS) is running a promotion offering up to 240,000 won in benefits to investors who trade exchange-traded funds (ETFs) through a "brokerage individual savings account (ISA)" until September 30, the company said Monday.
Under the promotion, investors who trade ETFs from designated asset managers through a brokerage ISA account receive mobile gift certificates based on their net purchase amounts. The eight designated asset managers are Kiwoom Asset Management (KIWOOM), Mirae Asset Global Investments (TIGER), Samsung Asset Management (KODEX), Samsung Active Asset Management (KOACT), Korea Investment Management (ACE), KB Asset Management (RISE), Timefolio Asset Management (TIMEFOLIO), and Truston Asset Management (TRUSTON).
A brokerage ISA is a tax-saving account that allows investors to directly manage domestic listed stocks and various financial products in a single account. Net gains generated in the account are exempt from taxation up to 2 million won for the standard type and up to 4 million won for the low-income type. However, if the account is terminated early before completing the mandatory three-year holding period, the tax benefits do not apply.
Mobile gift certificates are provided on a first-come, first-served basis according to the net purchase amount of eligible ETFs for each asset manager. Investors who meet the conditions for all eight asset managers can receive up to 240,000 won. To receive the benefits, investors must maintain their balance until October 31.
Investors who open a brokerage ISA with Kiwoom Securities for the first time receive additional benefits. Those who make net purchases of 300,000 won or more in eligible ETFs through a brokerage ISA account can receive up to eight coffee gift vouchers. These are also provided on a first-come, first-served basis by asset manager, subject to maintaining the balance until October 31.
A separate application is required to receive the promotional benefits. More details are available on the Kiwoom Securities website. "This is a good opportunity to trade ETFs that enable efficient diversified investment in a brokerage ISA account with tax benefits, while also receiving promotional rewards," a Kiwoom Securities official said.
