Shinhan Investment Corp. Launches Special Foreign Currency RP Targeting 2030 Overseas Stocks

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Shinhan Investment Corp. announced on the 29th that it will sell the 'Youth Companion SOLSOL Special Overseas Stock Foreign Currency RP,' offering a preferential pre-tax annual yield of up to 8% for customers in their 20s and 30s, until June 28.

This event is targeted at customers who open a Shinhan Investment Corp. account for the first time in their lifetime in 2024 and were born between January 1, 1984, and December 31, 2005. It is a demand-type RP tradable in USD (U.S. dollars), sold within a total limit of 20 million dollars, with a maximum subscription of up to 50,000 dollars per person.

The 'Youth Companion SOLSOL Special Overseas Stock Foreign Currency RP' offers preferential yields that vary depending on the amount of overseas stock trading. For new or inactive overseas stock customers, a pre-tax annual yield of 6% is provided; for overseas stock trading of over 100,000 KRW, a pre-tax annual yield of 7%; and for overseas stock trading of over 10 million KRW, a pre-tax annual yield of 8% is offered. After the special sale period ends, the investment will be automatically reinvested at the demand-type foreign currency RP yield at the elapsed time, 28 days from the purchase date.

Eligible accounts for subscription include general discretionary accounts (excluding bank partnership accounts) and CMA accounts, and subscriptions can be made through the Shinhan SOL Securities app. The purchase time for foreign currency RP is from 9 a.m. to 3 p.m. on business days.

Foreign currency RP (Repurchase Agreement) is a financial product in which a securities company sells foreign currency or won-denominated bonds it holds to investors with the condition to repurchase them at a predetermined price after a certain period. It is mainly used as a short-term management tool for held foreign currency.

Shinhan Investment Corp. stated that it prepared this event to contribute to asset growth support for the youth by launching financial products specialized for the 2030 generation and to further stimulate customers' interest in overseas stocks through the special foreign currency RP sale.

Detailed information about the product can be found through the Shinhan SOL Securities app. The products sold are not protected under the Depositor Protection Act and carry the risk of principal loss due to exchange rate fluctuations and credit risk.

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