Korea Investment & Securities, Bankis Fund Subscription Event

Korea Investment & Securities, a subsidiary of Korea Financial Group, announced on the 19th that it will hold a fund subscription event for Bankis customers until the end of this year. Bankis is an online-only account and trading service opened through non-face-to-face channels or commercial banks.

Customers who subscribe to fund products from asset management companies participating in the event, such as Korea Investment Value Asset Management and Samsung Asset Management, will receive benefits of up to KRW 100,000 depending on the purchase amount. To assist investors in their selection, a "Fund of the Month" recommended by the event asset managers will be separately selected and announced on the Korea Investment app each month.

The Fund of the Month selected by Korea Investment Value Asset Management is the "Korea Value K-Power Fund." It is a profit and loss differential fund where the asset manager, as a subordinated investor, absorbs up to 15% of losses first, and profits up to 10% are preferentially allocated to customers as senior investors. The investor recruitment period is until October 27.

During the same period, a tax-saving fund event will also be held. When subscribing to the "Separate Taxation High-Yield Fund," which can reduce the burden of comprehensive financial income taxation, customers will receive up to KRW 100,000 depending on the investment amount. Customers subscribing to the "Youth Income Deduction Long-term Fund" will receive up to KRW 30,000 based on their investment amount. Additionally, customers who subscribe to a combined total of KRW 5 million or more in these two types of funds will be entered into a draw to win an iPhone 15 as a prize.

For those subject to comprehensive financial income taxation, subscribing to the Separate Taxation High-Yield Fund applies a separate tax rate of 15.4% on financial income up to KRW 30 million per person. The Youth Income Deduction Long-term Fund, introduced to help young people accumulate a lump sum, offers income deduction benefits of up to 40% of the payment amount, up to KRW 2.4 million annually.

Kim Seong-hwan, Head of the Individual Customer Group, said, "We plan to provide related products and events so that customers can prepare for income deduction benefits in advance, matching the season when interest in tax savings increases."

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