Shinhan Investment Corp. Launches 'Youth Companion Installment Special RP' Sale

Shinhan Investment Corp. announced on the 26th that it will sell the 'Youth Companion Installment Special RP' offering a preferential pre-tax annual yield of 7% to young people aged 19 to 39 until the 31st of next month.

Up to 4,000 people can subscribe on a first-come, first-served basis without any additional subscription restrictions other than the age limit through the Shinhan Alpha application. However, customers who subscribed to the installment special RP in August are excluded from the target.

Monthly installments can be made from a minimum of 100,000 KRW to 500,000 KRW, and benefits are provided up to a maximum of 3 million KRW per person over 6 months. The maturity period is 6 months from the subscription date, and a pre-tax annual rate of 1.0% applies in case of early termination.

RP refers to a 'repurchase agreement bond' that mainly uses government bonds, local government bonds, monetary stabilization bonds, and high-grade corporate bonds as collateral, paying the promised interest and principal after a certain period.

This event is part of Shinhan Financial Group's 'Companion Project,' which aims to support vulnerable groups currently facing economic difficulties, share with customers and society, and achieve happiness together through practical support.

Shinhan Investment Corp. stated, "We planned this event to contribute to cultivating stable investment habits by providing monthly installment products to young customers who are interested in various financial technologies and investment products."

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