"Domestic Stock Investment Available in ISA"... KB Securities Launches Brokerage-Type ISA

Providing Benefits Such as Subscription Priority and Fee Discounts

[Asia Economy Reporter Minwoo Lee] KB Securities is launching a brokerage-type Individual Savings Account (ISA) that allows investment in domestic stocks.

KB Securities announced on the 12th that it will launch this brokerage-type ISA starting from the 15th. While the existing trust-type and discretionary-type ISAs could only hold funds, equity-linked securities (ELS), repurchase agreements (RP), and deposits/savings, the brokerage-type ISA will now allow holding domestic listed stocks as well.

The brokerage-type ISA enables individual trading of domestic listed stocks, and even if losses occur due to stock price declines, tax offsetting is possible by offsetting gains from other financial products. Moreover, up to 2 million KRW of net profit (4 million KRW for low-income subscribers) is tax-exempt, and amounts exceeding this enjoy a separate taxation rate of 9.9%.

Previously, only those with income could subscribe, but from this year, anyone aged 19 or older can join regardless of income, and the mandatory subscription period has been shortened from 5 years to 3 years, which is expected to attract investors' attention.

Subscriptions will be available from the 15th through nationwide branches, the website, Home Trading System (HTS), and Mobile Trading System (MTS). Principal loss may occur depending on investment results. For more details, please contact the nearest KB Securities branch or customer center.

Meanwhile, KB Securities will hold various events alongside the launch of the brokerage-type ISA. First, customers who open a brokerage-type ISA account by the end of this year will receive preferential benefits for public offering subscriptions. Customers with assets of 20 million KRW or more (based on payment) in their brokerage-type ISA account as of the end of the previous month from the subscription date will receive a 200% preferential benefit for public offering subscriptions.

Additionally, all customers who open a brokerage-type ISA account by the end of May will receive a financial product coupon valid for 60 days from the issuance date. The first 1,000 customers who purchase eligible products worth 100,000 KRW or more after account opening and maintain the balance until the end of May will receive a mobile gift certificate worth approximately 30,000 KRW.

There are also fee benefits. Customers who meet the conditions when opening a brokerage-type ISA account by the end of this year will receive online domestic stock trading commission benefits. Detailed information about the online domestic stock trading commission benefit event can be found on the website.

Lee Hong-gu, Head of WM Division at KB Securities, said, "With the launch of the brokerage-type ISA, which offers tax-saving effects and integrated management of various financial products including domestic listed stock investments, we will strive to help customers manage their assets by providing excellent products and services above all."

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