Samsung Securities to Launch Brokerage-Type ISA Allowing Stock Investment on the 25th

[Asia Economy Reporter Ji-hwan Park] Samsung Securities announced on the 23rd that it will launch the 'Brokerage-type Individual Savings Account (ISA)' on the 25th.

The investment brokerage-type ISA is an upgraded comprehensive financial investment management account introduced in 2016 as the 'ISA' account. Improvements such as enabling stock trading, which was not possible in the existing ISA accounts, are expected to make it a useful asset management tool.

In particular, it is now possible to offset gains and losses between 'stock trading losses' through the brokerage-type ISA and other products such as funds. Tax exemption benefits are available up to a combined profit and loss of 2 million KRW (4 million KRW for low-income subscribers). Amounts exceeding this are subject to a separate tax rate of 9.9%.

Before launching the investment brokerage-type ISA, Samsung Securities is conducting the event 'The New ISA, a Tough One is Coming!'. The first 1,000 participants will receive a cash reward worth 20,000 KRW. Participants must apply for the event by the 24th, open an account online by the 31st of next month, purchase domestic stocks or other assets online for at least 100,000 KRW, and maintain a balance of at least 100,000 KRW.

For more details about the event, please refer to the Samsung Securities website.

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