Hana Securities Offers Free Domestic Deposit Service for Overseas Stocks

Hana Securities announced on the 14th that it will provide free domestic deposit services for overseas stocks.

Recently, as the beneficiaries of stock compensation plans (performance bonuses) of global companies have expanded, interest in domestic deposits of overseas stocks has been growing among employees of global companies and corporate clients in Korea. When trading overseas listed stocks through foreign securities firms or depositing the funds in foreign financial institutions, penalties such as fines may be imposed for violating foreign exchange transaction laws, leading to increased inquiries about this service.

With this service, overseas stocks held in foreign financial institutions can be deposited into Hana Securities accounts free of charge, and reporting of overseas financial accounts is also exempted. Related asset management services such as free reporting of overseas stock capital gains tax and tax-saving strategy consulting are also available at no cost.

This service is particularly useful for foreign company employees working in Korea who acquire shares of their foreign headquarters through stock options, or for domestic companies holding securities acquired through mergers and acquisitions with overseas companies. Detailed information about the overseas stock domestic deposit service can be obtained at the nearest Hana Securities branch.

Lee Byung-chul, Head of WM Sales Division at Hana Securities, stated, "Interest in the overseas stock deposit service is increasing among individual and corporate clients," adding, "We will do our best to enable customers to conveniently manage and trade overseas stocks and establish tax-saving strategies."

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