Shinhan Investment Corp. Surpasses 5,000 Customers for "Cheoeum ISA" Service

Shinhan Investment Corp. announced on October 22 that the number of customers who have signed up for "Cheoeum ISA," its exclusive service for brokerage-type Individual Savings Accounts (ISA), has surpassed 5,000 within just five months of its launch.

Cheoeum ISA allows customers to enjoy the same tax benefits as a brokerage-type ISA, while automatically buying and selling exclusive repurchase agreements (RPs) for idle funds (entrusted deposits) within the account. This service is available only to applicants between the ages of 15 and 39. As of October 1, the pre-tax annual interest rate for Cheoeum ISA-exclusive RPs is 2.1%, compared to a pre-tax annual rate of 1% for regular entrusted deposits.

Shinhan Investment Corp. stated, "As financial management is gaining more interest among young people, Cheoeum ISA is establishing itself as a rational asset management tool," adding, "We will continue to enhance our services so that customers can manage their assets easily and efficiently."

Meanwhile, Shinhan Financial Group is running a points giveaway event for new Cheoeum ISA customers through its integrated application, Shinhan SuperSOL. New subscribers receive 15,000 MyShinhan Points, and an additional 500 points are awarded each month for a net deposit of 100,000 won. This event will run until December.

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