Samsung Securities Launches RIA Overseas Stock Deposit and Sell Event

Rewards of up to 30,000 won offered on a first-come, first-served basis

Samsung Securities announced on March 30 that it will hold an inbound and sell event for overseas stocks in domestic market return accounts (RIA) until the end of May.


This event is targeted at individual customers residing in Korea who held overseas stocks as of December 23 last year. During the event period, the first 10,000 customers who transfer overseas stocks into an RIA account and sell them will receive a reward.


If you deposit overseas stocks into your Samsung Securities account and sell more than 1 million won, you will receive 5,000 won; if you sell more than 10 million won, you will receive 15,000 won. If you transfer overseas stocks from another securities firm account and sell more than 1 million won, you will receive 10,000 won; if you sell more than 10 million won, you will receive 30,000 won. If stocks are deposited from both Samsung Securities and another securities firm account, the more favorable reward condition will be applied.


An RIA account is a policy-linked account that provides temporary capital gains tax benefits for overseas stocks when the proceeds are converted to Korean won and reinvested long-term in the domestic market. After opening the account, if you transfer and sell overseas stocks, the proceeds are automatically converted to Korean won and must be reinvested for at least one year in domestic stocks, domestic funds, or Korean won deposits.


A Samsung Securities representative stated, "With the valuation appeal of the Korean stock market being reassessed, we expect to see increased long-term investment in Korean stocks through RIA accounts."

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