Hanwha Investment & Securities launched the "KRX gold spot transaction service."
Through this service, investors can buy and sell physical gold in 1-gram units on the KRX gold market like stock trading, and they can also enjoy various tax benefits.
Capital gains from transactions through the KRX gold market are not only exempt from capital gains tax but are also excluded from comprehensive taxation on financial income. In addition, when trading gold without taking physical delivery, the burden of value-added taxes can be reduced.
The "KRX gold spot transaction service" handles gold with 99.99% purity certified by the Korea Exchange (KRX), and the gold purchased by customers is kept at the Korea Securities Depository (KSD).
The service is being offered through Hanwha Investment & Securities branches and the home trading system (HTS), and it is scheduled to become available on the mobile trading system (MTS) in Jun.
Lim Juhyeok, managing director of the wealth management division at Hanwha Investment & Securities, said, "We launched this service so investors can secure both tax benefits and operational stability through the KRX gold market," and added, "We will continue to expand practical benefits for customers' smart 'gold-tech.'"