KB Securities Approaches 1 Trillion KRW in Cumulative Overseas Stock Deposits

KB Securities announced on the 14th that the demand for the 'Overseas Stock Deposit Service' for employees of global companies is increasing, with the cumulative amount of overseas stock deposits approaching approximately 1 trillion KRW.

Since the Financial Supervisory Service's consumer precautions announcement in June and the National Tax Service's tax law amendment announcement related to the overseas corporate stock compensation system in July, inquiries about overseas stock deposits from domestic employees who acquired their company's treasury stocks through the overseas corporate stock compensation system have surged.

According to the financial authorities' announcement, if overseas listed stocks are traded through overseas securities accounts or the trading funds are deposited in overseas financial institutions without prior reporting, penalties such as fines may be imposed for violating the Capital Markets Act and the Foreign Exchange Transactions Act. Therefore, under domestic law, general investors must trade overseas stocks through domestic securities firms authorized by the Financial Services Commission.

KB Securities' overseas stock deposit service, based on over 10 years of expertise, facilitates domestic deposits from overseas financial institutions not only in the United States but also in countries such as Australia, Japan, and European nations, while providing related services including tax-saving consulting and investment advisory.

Employees of global companies using the service through KB Securities cited 'deposit consulting' as the most convenient service. Deposit consulting is a service that quickly understands the complex structure of overseas products as well as stocks and facilitates their transfer to Korea.

In addition, when using KB Securities' overseas stock deposit service, customers can enjoy conveniences such as exemption from overseas financial account reporting, proxy reporting of overseas stock capital gains tax, convenient trading through the Home Trading System (HTS) H-able and Mobile Trading System (MTS) KB M-able, and benefits such as low trading commissions.

Lee Hong-gu, Head of WM Sales Division, said, "Interest in the overseas stock deposit service among employees of global companies has recently surged," adding, "We will continue to make efforts to provide convenience in asset management, trading, and tax saving for customers holding overseas stocks."

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