Kiwoom Securities Launches Special ELB Exclusively for Brokerage-Type ISAs with 4.2% Pre-Tax Annual Interest
Kiwoom Securities announced on October 27 that it will hold an event titled "Subscribe to the Special ELB Exclusively for Brokerage-Type ISAs and Receive Up to 10 Shares of ETFs" until December 31.
During the event period, customers who subscribe to the special ELB exclusively for brokerage-type ISAs with a minimum of 1 million won in their brokerage-type ISA accounts will be entered into a drawing to receive up to 10 shares of domestic exchange-traded funds (ETFs). The eligible ETFs for the prize are the top 10 most traded ETFs as of the end of August, excluding leveraged and inverse products.
Kiwoom Securities' special ELB exclusively for brokerage-type ISAs offers a high pre-tax annual interest rate of 4.2% along with tax-saving benefits. A Kiwoom Securities representative said, "We hope this will be a great opportunity for customers to subscribe to the special ELB using their brokerage-type ISA accounts and enjoy all the tax-saving benefits."
An ELB is a bond-type product whose returns vary depending on the price fluctuations of the underlying asset. While it is a low-risk product that pays both principal and returns, there is a possibility of principal loss if a credit event (such as bankruptcy or default) occurs at the issuing company. Kiwoom Securities has a credit rating of AA-.
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The special ELB exclusively for brokerage-type ISAs can be subscribed to through the Kiwoom Securities website, the HeroS# mobile app, and the home trading system (HTS). Event registration is required. For more details, please visit the Kiwoom Securities website.
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