Meritz Securities said on the 23rd it is holding a promotion for customers who open a domestic market return account (RIA), offering a total of 100 million won worth of gold bars, 10 million won worth of gold coins, and 50 million won in cash.
An RIA is an account that temporarily offers capital gains tax benefits on overseas stocks if the proceeds are reinvested long-term in domestic stocks and domestic equity funds. Each individual can receive a capital gains tax reduction on sales of overseas stocks up to 50 million won.
To participate in the gold bar and coin promotion, open a "Super RIA" account, transfer in at least 50 million won worth of U.S. stocks, and sell them by the end of May. If the sale is made within seven business days from the deposit date, the odds of winning triple.
A drawing will then award a first-prize winner one gold bar worth 20 million won, and two second-prize winners one gold bar worth 10 million won each. Four third-prize winners will receive gold bars worth 5 million won, and 40 fourth-prize winners will receive gold bars worth 1 million won. One hundred fifth-prize winners will be given gold coins worth 100,000 won.
There is also a promotion for customers who hold a "Super RIA" account and open a "Super365" account for the first time. If eligible customers make a net deposit of at least 1 million won in domestic stocks or cash into the "Super365" account and maintain the balance through the end of June this year, a total of 50 million won in cash will be distributed among all who meet the conditions. Duplicate wins with the gold bar and coin promotion are allowed.
As with "Super365," customers with a "Super RIA" account pay no fees for domestic stock trading, U.S. stock sell orders, or USD–won currency exchange through the end of 2026. A Meritz Securities official said, "The structure eliminates fees altogether from selling U.S. stocks, converting to won, and trading domestic stocks."