Shinhan Investment Corp. Offers Exclusive 3.5% Pre-Tax Special RP for "Cheoeum ISA" Customers
Shinhan Investment Corp. announced on November 3 that it will offer a total of 2 billion KRW in exclusive pre-tax annual 3.5% special repurchase agreements (RPs) for customers who sign up for the "Cheoeum ISA" by the end of this year, available for non-face-to-face sales.
This special RP sale targets customers who have enrolled in the "Cheoeum ISA" service, a type of brokerage Individual Savings Account (ISA). Existing brokerage ISA customers who meet the age criteria can participate by registering for the "Cheoeum ISA" service and then purchasing the special product.
New customers who sign up for the Cheoeum ISA can also participate in the ongoing "Cheoeum Crew" event through the Shinhan Super SOL application. In addition to receiving 15,000 My Shinhan Points, customers will be awarded an extra 500 points if they achieve a net deposit of at least 100,000 KRW in their brokerage ISA account with the Cheoeum ISA service.
Launched as part of a mutual growth finance initiative, the "Cheoeum ISA" is a service for individuals aged 15 to 39 that automatically buys and sells idle funds in brokerage ISAs through a dedicated on-demand RP. The company explained that the key feature is the efficient management of funds without the need for separate transactions.
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The special product is a 91-day term RP that offers a pre-tax annual yield of 3.5%, with no penalty interest for early redemption. The maximum purchase limit per person is 100 million KRW, and the product may close early if the limit is reached during the sales period from today until December 31. It is exclusively available for non-face-to-face transactions and can be easily purchased via the website, the Shinhan SOL Securities app, or HTS.
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