Hyundai Motor Securities said on the 26th that it will hold a launch event from on the 25th to June 30 to mark the release of the domestic market reentry account (RIA).
An RIA is an account that temporarily reduces capital gains tax on overseas stocks if the funds from selling overseas stocks are converted into won and invested in domestic stocks for more than one year. Based on the amount sold, tax exemption applies up to 50 million won per person, and the capital gains tax reduction rate is 100% for sales by the end of May, 80% for sales by the end of July, and 50% for sales by the end of the year.
The event is open to customers who open an RIA account during the period and apply for the event. Participating customers will receive discounted online domestic stock (including ETF) transaction fees for one year from the RIA account.
In addition, among customers who deposit at least 5 million won into an RIA account during the event period based on the amount converted after selling overseas stocks, 10,000 will be selected by lottery to receive a "Plus financial gift certificate" worth 5,000 won. The Plus financial gift certificate is an online financial gift certificate service from Hyundai Motor Securities that can be used to invest in various financial products such as domestic and overseas stocks, funds, and individual retirement pensions (IRP).
For details about the event, contact the Hyundai Motor Securities website or the Smart Finance Center.