Mirae Asset Securities said on the 27th that the cumulative balance (net inflows and returns) of its domestic market reentry account (RIA) exceeded 250 billion won just one month after the system was implemented.
An RIA is a special account the government introduced on a temporary basis in 2026 to guide funds that had been invested in overseas stocks back into the domestic capital market.
The RIA balance at Mirae Asset Securities has shown steady growth since the system took effect on Mar. 23. It started at 14.7 billion won on the first day, reached 100 billion won in the second week, and hit 200 billion won before a full month had passed. On the 23rd, one month after implementation, it recorded 250 billion won and, as of the previous day (the 26th), surpassed 260 billion won.
The cumulative amount of overseas stock sales so far exceeds 120 billion won. Mirae Asset Securities noted that this shows substantive fund movements in line with the intent of the system's introduction. Analysts say the government's policy direction of shifting overseas assets back to the domestic market is materializing into actual investor behavior.
After selling overseas stocks, the most actively reinvested domestic names were Samsung Electronics and SK hynix. With the recent strength of the KOSPI index and expectations for a semiconductor upcycle, this appears to have influenced the stock choices of Korean retail investors trading U.S. stocks returning to the domestic market.
The key benefit of an RIA account is a reduction in capital gains tax on overseas stocks. If investors transfer overseas stocks held before Dec. 23 last year into an RIA account, sell them, convert the proceeds into won, and reinvest in domestically listed shares, domestic equity funds, or exchange-traded funds (ETF) for more than one year, they can receive up to a 100% deduction on capital gains tax.
The deduction rate varies depending on the time of sale. Sales from January to May receive 100%, June to July 80%, and August to December 50%. Eligibility allows one account per person per securities firm, with a combined contribution limit of 50 million won across all firms.
Investors can easily apply to open a Mirae Asset Securities RIA account at a branch or through the mobile trading system (MTS) "M-STOCK."