Shinhan Investment Corp. Launches Foreign Currency RP Special Sale for Youth Companion Project

Shinhan Investment Corp. announced on the 14th that it will launch the 'Youth Companion Project Foreign Currency RP Special Sale,' offering a preferential pre-tax annual yield of 5.8% to customers in their 20s and 30s.

The Youth Companion Project Foreign Currency RP Special Sale, running from the 15th of this month to January 5th next year (with a total product limit of 20 billion KRW), targets young customers aged 19 to 39. It is a demand-type repurchase agreement (RP) tradable in US dollars, with a maximum purchase limit of up to 100,000 USD per person. Additionally, any Shinhan Investment Corp. customer who has never held a foreign currency RP balance before the day prior to the special sale start date, i.e., by the 14th of this month, can purchase through the Shinhan Alpha application (app).

A foreign currency RP is a financial product where a securities company sells foreign currency or KRW-denominated bonds it holds to investors with the condition that it will repurchase them at a predetermined price after a certain period. It is mainly used as a short-term management tool for held foreign currency.

This event is part of Shinhan Financial Group's 'Companion Project,' which aims to support vulnerable groups and work together with customers and society. Shinhan Investment Corp. stated, "We will contribute to supporting asset growth for the youth by launching financial products specialized for the 2030 generation," adding, "Moreover, we planned this event to assist customers interested in overseas stocks with managing foreign currency asset deposits."

Detailed information about the product can be found through the Shinhan Investment Corp. Mobile Trading System (MTS) Shinhan Alpha app, and all financial products carry the risk of principal loss, so caution is advised.

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