Korea Investment & Securities, Two Types of Youth Income Deduction Long-term Funds

Korea Investment & Securities, a subsidiary of Korea Financial Group (President Jeong Il-moon), announced on the 9th that it will begin selling two types of Youth Income Deduction Long-term Funds (Sojang Fund), a tax-saving product designed to help young people build assets.

The Youth Sojang Fund is a policy financial product that allows a 40% income deduction on the amount paid, enabling tax refunds during year-end tax settlements. Eligible subscribers are young people aged 19 to 34 with an annual salary of 50 million KRW or less, or a comprehensive income amount of 38 million KRW or less. Subscribers can contribute up to 6 million KRW annually for a minimum of 3 years and a maximum of 5 years.

The newly launched products are 'Korea Value Global Dividend Income & K-ESG' and 'Hanwha MZ Pick Green Tech.' Korea Value Global Dividend Income & K-ESG invests in overseas stocks with increasing dividends and selects domestic companies practicing ESG. Hanwha MZ Pick Green Tech invests in domestic and international companies related to climate mitigation industries, climate crisis adaptation industries, and domestic companies expected to benefit from the Fourth Industrial Revolution.

A representative from Korea Investment & Securities said, "Considering the purpose and interests of long-term asset formation for young people, we first launched a value-type dividend stock fund and a product reflecting ESG trends," adding, "We plan to continuously discover products suitable for the Youth Sojang Fund by reflecting future demand and trends."

For more details about the Youth Income Deduction Long-term Fund, please visit Korea Investment & Securities branches or their website.

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