Kakao Pay Securities Offers 30 Million Won in Benefits for Opening RIA Accounts

Kakao Pay Securities announced on March 26 that it will hold an account opening promotion worth a total of 30 million won to celebrate the launch of its Domestic Market Repatriation Investment Account (RIA) service.

To mark the launch of the RIA, Kakao Pay Securities prepared a travel-themed promotion under the concept of "RIA Start, AIR Check-In." The event will run for approximately one month, until April 26.

The RIA is a system temporarily introduced by the government to revitalize the domestic stock market. When overseas stock investment assets are transferred back to Korea, investors can receive a deduction of 50% to 100% of capital gains tax depending on the timing of the sale.

Benefits will be provided to a total of 15,000 winners selected by lottery. The prizes consist of: ▲ 1 million points for Hereohttae (2 winners); ▲ Korean Air flight vouchers worth 500,000 won (10 winners); ▲ Korean Air flight vouchers worth 300,000 won (15 winners); ▲ 1,000 won in cash (14,973 winners).

Information about opening an RIA account and participating in the event can be found on the event page under the "Securities" menu at the bottom of the Kakao Pay app.

Kakao Pay Securities stated, "We designed the service and event so that overseas stock investors can naturally experience tax-saving benefits during the asset transfer process," adding, "Through this promotion, we hope more investors will have the opportunity to directly experience the structure and benefits of the RIA."

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