SK Securities said on the 26th that it will hold a customer event to mark the launch of its return-to-Korea market account (RIA).
An RIA account is an account that offers tax benefits when reinvesting funds from overseas stock investments into the domestic stock market. Based on the amount of overseas stock sales, up to 50 million won is tax-exempt, and the capital gains tax reduction rates are 100% through May, 80% through July, and 50% through the end of the year, respectively.
The event is open to all customers who open an RIA account. First, customers who newly open an RIA account from the 23rd of this month to May 29 will receive a 100% preferential exchange fee waiver through the end of the year.
Also, customers who purchase domestic stocks through an RIA account from the 23rd of this month to the 3rd of next month will receive cashback equal to 0.1% of their net purchases. The maximum cashback is 50,000 won.
In addition, a "today's domestic stock" trading event will run from the 30th of this month to the 10th of next month. During the period, among customers who trade at least one share of the "today's domestic stock" through an RIA account, the first 50 each day will receive a coffee voucher.
Further details about the event are available on the SK Securities website and the mobile trading system (MTS).