KB Securities holds a net-buy ETF event with the four major asset managers. /Courtesy of KB Securities

KB Securities said on the 4th that it will hold an "RIA asset manager ETF net-buy event" through the 31st for customers who hold domestic market return accounts (RIA).

Through RIA accounts, customers who make net purchases of ETFs representing each manager, including ▲KB Asset Management ▲Mirae Asset Global Investments ▲Samsung Asset Management ▲Korea Investment Management, and maintain their balances through the 30th of next month will receive benefits.

Specifically, among customers who make net purchases totaling 5 million won or more of the eligible ETFs for each manager, 700 will be selected by lottery to receive a 30,000-won culture gift certificate.

In addition, among customers who make net purchases totaling 10 million won or more across all eligible items during the event period, 500 will be selected by lottery to receive a 50,000-won Shinsegae gift certificate. Both benefits can be received concurrently.

An RIA account is a product designed so that customers who hold overseas stocks and sell those assets to make long-term investments in domestic stocks can receive up to a 100% deduction on capital gains taxes that arise depending on the timing and period of the sale.

Son Hee-jae, head of the digital business group at KB Securities, said, "The RIA account has significant policy meaning in strengthening the basic health of the capital market through the inflow of foreign capital into the domestic market," adding, "Through this event, we hope investors will experience balanced asset management using high-quality domestic ETFs along with capital gains tax reduction benefits."

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