"Offering Young Adults an Annual 5% Preferred Yield"... ShinGeum Investment Launches 'HimNaesi5 Installment Special RP'

[Asia Economy Reporter Minwoo Lee] Shinhan Financial Investment is launching a repurchase agreement (RP) that offers a preferential annual yield of 5% to young people aged 18 to 40.

Shinhan Financial Investment announced on the 30th that it will launch the 'Himnaesi5 Installment Special RP.'

This product offers a 5% annual yield with monthly installments ranging from a minimum of 100,000 KRW to 500,000 KRW. Benefits are provided up to a maximum of 3 million KRW per person over six months. Subscriptions will be available from the 1st of next month, with a limit of 2,020 participants on a first-come, first-served basis. Both new and existing customers can subscribe. There are no restrictions other than age for subscription.

If canceled within six months, the total asset management account (CMA)-RP yield (0.25% as of 30 days, subject to change) will be provided for the deposit period. Subscriptions are only possible by visiting a Shinhan Financial Investment branch.

A Shinhan Financial Investment official explained, "In an era of ultra-low interest rates and ongoing financial market instability, and with a decreasing trend in banks' high-interest special products, customer demand for stable and high returns is very high. We planned this event to support young people facing difficulties such as reduced new hiring and challenges in starting businesses due to COVID-19."

This content was produced with the assistance of AI translation services.