KB Securities Offers Pre-Tax Annual 5% 'Brokerage ISA Exclusive Special RP' Sale

KB Securities announced on the 3rd that it is selling a special offer repurchase agreement (RP, 180-day term) with a pre-tax annual interest rate of 5.0% to customers who open KB Securities brokerage-type Individual Savings Accounts (ISA).

This special RP is available for participation up to a maximum limit of 10 million KRW per person, and anyone who newly opens a KB Securities brokerage-type ISA account or transfers a brokerage-type ISA account from another company during the sales period (June 1 to August 30) can purchase it. Even customers who already have a brokerage-type ISA account with KB Securities can purchase if their total deposit amount as of May 31 is 1 million KRW or less. However, since this is conducted on a first-come, first-served basis, the offer may end early once the limit is reached, and in case of early termination, a pre-tax annual interest rate of 0.85% (0.10% pre-tax annual interest rate after maturity) will be paid.

Additionally, KB Securities is running the event "ISA Moving Means KB Securities Gives Hot Stocks!" until June 30, where customers who newly open a brokerage-type ISA account or transfer an ISA account from other securities firms to KB Securities can receive Netflix stocks worth up to 200,000 KRW depending on the deposit amount and enter a raffle to win gold bars and domestic and U.S. stocks.

The brokerage-type ISA, which can hold various financial products (funds, bonds, ELS, RP, etc.) as well as domestic listed stocks, is available to anyone aged 19 or older residing in Korea, and if held for more than three years, it offers tax exemption benefits up to 4 million KRW (for the basic type for low-income earners).

A KB Securities official said, "With recent discussions on expanding the ISA account deposit limit and strengthening tax benefits, customer interest in ISA accounts is increasing," adding, "By subscribing to this special RP through a brokerage-type ISA account, customers can expect a twofold benefit of earning relatively high interest income tax-free."

KB Securities brokerage-type ISA accounts and the special RP can be subscribed to or purchased through KB Securities nationwide branches and the mobile trading system (MTS) KB M-able (M-able), and for other product subscriptions and detailed event information, customers can inquire at the nearest KB Securities branch or customer center.

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