Shinyoung Securities said on the 22nd it launched an advisory wrap account, "Shinyoung K Dividend Select Wrap."
This product invests in high-dividend corporations to pursue dividends revenue, actively leveraging the expanded "separate taxation for high-dividend listed corporations" system under the amendment to the Act on Restriction on Special Cases Concerning Taxation that recently passed the National Assembly.
Shinyoung Securities said it will first screen and include corporations with a high likelihood of separate taxation, and build an optimal portfolio by comprehensively considering corporate competitiveness and stability, governance, and valuation.
In particular, because of the wrap account's nature, it is managed per individual account rather than as a pooled account, which is a strength that allows clients to fully enjoy the benefits of separate taxation on dividend income.
"Shinyoung K Dividend Select Wrap" is available at Shinyoung Securities branches nationwide, with a minimum subscription of 50 million won. Early termination is also possible.
A Shinyoung Securities official said, "It is a suitable product for investors who consider both tax savings and profitability amid the trend of strengthened shareholder returns," adding, "We will continue to introduce a variety of wrap products by leveraging in-house infrastructure and working with excellent external management and advisory firms."