Mirae Asset Securities said on the 27th that the cumulative deposit amount for the "return-to-domestic-market account (RIA)" reached about 76 billion won as of 1:30 p.m.
An RIA account provides tax benefits when reinvesting funds from overseas stock investments into the domestic stock market. Based on the amount from selling overseas stocks, 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 account can be opened at a Mirae Asset Securities offline branch or through the mobile trading system (MTS) "M-STOCK."
Mirae Asset Securities is also running a promotion for customers who open an RIA account. Among individual customers who open an RIA account and deposit at least 1 million won in overseas stocks, a total of 33,000 people—including the first 30,000 on a first-come basis and 3,000 selected by lottery—will receive a 10,000-won investment subsidy. It also plans to offer prizes such as TVs, laptops, and Naver Pay through a drawing.