/Courtesy of NH Investment & Securities.

NH Investment & Securities said on the 30th that it will hold a pre-notification sign-up event ahead of the implementation of the return-to-Korea investment account (RIA) system.

The event will provide gold prizes and coffee e-gift cards through a drawing for those who sign up to receive RIA notifications through the 6th of next month.

Gold prizes will be awarded to a total of six people: ▲ one person for 1 don ▲ two people for a half-don ▲ three people for 1 gram. Separately, 30,000 people will be selected to receive Starbucks coffee e-gift cards.

With the system set to launch, the aim is to strengthen the provision of related information so customers can understand in advance the basic structure of RIAs and how to use them.

An RIA account is designed to offer temporary tax benefits related to capital gains tax on overseas stock transfers when funds from selling overseas stocks are exchanged into won and invested in domestic stocks.

Yun Byeong-un, president of NH Investment & Securities, said, "RIA accounts can be a practical tax-saving alternative as profits from overseas stock investments have grown," and added, "We prepared this to help overseas stock investors get ready for tax-saving strategies in advance."

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