LS Securities said on the 25th it will run a promotion offering gift certificates and discounted fees to mark the launch of its domestic market repatriation account (RIA).
An RIA is an account that supports the repatriation of funds from overseas stock investments back to the domestic market. After converting proceeds from the sale of overseas stocks into won and making long-term investments in domestic stocks, investors receive capital gains tax benefits on overseas stocks. Depending on the time of sale, investors can receive a 50%–100% capital gains tax deduction.
LS Securities is running a promotion for stock gift certificates and discounted fees to coincide with the RIA launch. Customers who open an RIA remotely by May 31, complete the agreement registration, and apply for the event will receive a 20,000-won stock gift certificate. In addition, from the day of event application through Dec. 31, preferential domestic stock transaction fee discounts will be offered.
Details on the event can be found on the LS Securities website and on TuHon HTS and TuHon MTS.
An LS Securities official said, "We prepared this event to help enhance customers' investment returns in celebration of the RIA launch," adding, "We will continue striving to provide a variety of benefits that meet customers' investment needs." (End).