Shinhan Investment Corp. Offers Special RP for Brokerage-Type ISA at 3.4% Pre-Tax Annual Rate

Shinhan Investment Corp. announced on September 2 that it will offer a special repurchase agreement (RP) product with a pre-tax annual interest rate of 3.4% exclusively for brokerage-type Individual Savings Accounts (ISA), with a total offering of 50 billion won, available until the end of October.

This special RP product is a 91-day term RP that provides a pre-tax annual return of 3.4%. There is no penalty interest rate for early redemption. The maximum purchase limit per person is 100 million won.

This product can be purchased through a brokerage-type ISA account. The sales period runs from September 1 to October 31, but may end early if the limit is reached. Both existing and new customers can purchase with additional funds (net deposits) made after the base date of September 1. Purchase channels include Shinhan Investment Corp. branches and website, Shinhan SOL Securities App, SuperSOL App, HTS, and phone service.

The brokerage-type ISA allows customers to manage a variety of financial products within a single account. If maintained for more than three years, up to 2 million won of net profits (or 4 million won for the basic plan) are tax-exempt. Any amount exceeding the tax-exempt limit is subject to a separate 9.9% tax. The individual annual contribution limit is 20 million won, with a cumulative maximum of 100 million won over five years.

Detailed participation requirements and further information about the event can be found on the Shinhan Investment Corp. website, the Shinhan SOL Securities App, and through the Shinhan Investment Corp. customer support center. As with all financial products, there is a risk of principal loss depending on investment performance, so caution is advised.

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