iM Securities said on the 23rd that it will hold a launch event for the return-to-domestic-market account (RIA) through May 31.
Customers who open an RIA with iM Securities during the event period and sell U.S. stocks will receive first-come, first-served gifts based on the amount sold.
For cumulative U.S. stock sales of at least 5 million won and less than 20 million won, a 20,000-won mobile gift certificate will be given (900 people); for at least 20 million won and less than 45 million won, a 50,000-won certificate (450 people); and for at least 45 million won, a 150,000-won certificate (700 people).
The sale amount is applied based on the amount converted into won, and in particular, for customers making their first-ever transaction with iM Securities, the sale amount is recognized as double. The amount from selling not only U.S. stocks held through an iM Securities account but also stocks transferred from other securities firms to an iM Securities RIA and sold is included. A special benefit also provides a 90% discount on the currency exchange fee applied after selling U.S. stocks.
RIA is an account introduced to help revitalize the domestic capital market. If U.S. stocks held as of Dec. 23 last year are sold through an RIA and invested in the domestic stock market for at least one year, tax benefits are available on U.S. stock capital gains tax. There are also tax benefits even if domestic stocks are not purchased after selling U.S. stocks and the funds are simply held in cash.
For details about the event, refer to the iM Securities website or the mobile trading system (MTS), or contact the customer satisfaction center.