Kiwoom Securities Offers Up to 500,000 Won Cash Event for New Pension Savings Subscribers

Kiwoom Securities announced on April 3 that it will hold the "Pension, Appear Instantly Event" for new pension savings subscribers from today until June 30.

This event targets customers who open a pension savings account for the first time and make a net deposit of at least 100,000 won. Winners will be selected through a draw to receive either 10,000 won in cash or up to 500,000 won in cash. Participants can check the results immediately on the event page upon application, and the rewards will be distributed in August.

A pension savings account is a tax-saving product that allows customers to invest in ETFs, funds, and similar products, and later receive payments in the form of a pension. Anyone can open an account regardless of age or income, and after five years of subscription, funds can be withdrawn as a pension from age 55 onwards.

During the subscription period, customers can receive a tax deduction benefit of up to 6 million won per year. When receiving pension payments, a low tax rate of 3.3% to 5.5% (including local income tax) is applied. However, if funds are withdrawn early or the account is terminated before maturity, an additional income tax of 16.5% (including local income tax) may be imposed.

To benefit from this event, customers must apply for participation. The prize will be deposited into the winner's pension savings account. Further details about this event can be found on the Kiwoom Securities website.

A representative from Kiwoom Securities stated, "We focused on providing an opportunity for customers who have not yet subscribed to a pension savings account to get started," adding, "We expect many customers to enjoy both tax-saving benefits and event rewards through this event."

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