Kiwoom Securities launches brokerage ISA event, offers up to 5.02 mln won in benefits
In short
Kiwoom Securities said it is running a “brokerage ISA benefit event season 3” for users of individual savings accounts from October through the end of December. Customers who open an account during the period receive 15,000 won in cash, and the company says benefits worth up to 5.02 million won in cash and Samsung Electronics and SK Hynix shares are available. Kiwoom said the event is aimed at investors preparing fourth-quarter asset management and year-end tax savings.
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Kiwoom Securities said on 7 October that it is holding a “brokerage ISA benefit event season 3” for users of brokerage-type individual savings accounts, running from this month to the end of December. The company said accounts opened during the period, transfers from other securities firms, re-subscriptions at maturity and net deposits all qualify for benefits, with up to 5.02 million won in support and Samsung Electronics and SK Hynix shares available, according to Asia Economy and Yonhap. [ 1 , 2 ]
Every customer who opens a brokerage ISA account during the event receives 15,000 won in cash as an investment subsidy, the company said. Customers in their 20s and 30s who open a new account and deposit 100,000 won or more also receive a 5,000-won Olive Young gift certificate, according to Asia Economy. Customers transferring from another company or re-subscribing at maturity who deposit 20 million won or more enter a draw in which two people receive 5 million won in cash and 68 people receive one Samsung Electronics share, the report said. [ 1 , 2 ]
Asia Economy also reported that first-time trading customers who make net purchases of 1 million won or more are entered in a draw for domestic stocks and ETFs, with 2,173 people receiving single shares of stocks including SK Hynix and Samsung Electronics, and that the first 10,000 regular members who apply for the event and share it on KakaoTalk receive 1,000 Naver Pay points. The company said the promotion was prepared for investors looking at fourth-quarter asset management and year-end tax saving. [ 1 , 2 ]
Newsis reported the event with a headline saying up to 5 million won would be paid, while Asia Economy and Yonhap put the maximum figure at 5.02 million won. The detailed benefit tiers, draw numbers and gift items appear only in the Asia Economy article. [ 1 , 2 , 3 ]
Why it matters
Year-end tax-saving accounts are a recurring selling point for Korean brokerages, so the promotion is a fairly routine piece of retail finance marketing rather than a market-moving development. The value of the story to readers outside Korea is limited to what it shows about competition among domestic securities firms for ISA customers ahead of the tax year end.
Key facts
- Kiwoom Securities said it is holding the “brokerage ISA benefit event season 3” from this month to the end of December. [ 1 , 2 , 3 ]
- The event targets customers of brokerage-type ISA (individual savings) accounts. [ 1 , 2 ]
- Customers who open a brokerage ISA account during the event receive 15,000 won in cash as an investment subsidy. [ 1 , 2 ]
- Kiwoom said customers can receive up to 5.02 million won in support and Samsung Electronics or SK Hynix shares. [ 1 , 2 ]
- New 2030-generation customers who deposit 100,000 won or more also receive a 5,000-won Olive Young gift certificate, according to the company. [ 1 ]
- Customers who transfer from another company or re-subscribe at maturity and deposit 20 million won or more enter a draw for 5 million won in cash for two people or one Samsung Electronics share for 68 people. [ 1 ]
- First-time trading customers who make net purchases of 1 million won or more are entered in a draw in which 2,173 people receive domestic stocks or ETFs, the company said. [ 1 ]
- Kiwoom said the event was planned for investors preparing fourth-quarter asset management and year-end tax savings. [ 1 , 2 ]
Confirmed by several sources
- Kiwoom Securities is running a brokerage ISA promotional event through the end of December. [ 1 , 2 , 3 ]
- The event is for brokerage ISA account users, including new accounts, transfers from other companies and net deposits. [ 1 , 2 ]
- Customers who open an account during the event receive 15,000 won in cash. [ 1 , 2 ]
- Kiwoom said benefits reach up to 5.02 million won, including Samsung Electronics and SK Hynix shares. [ 1 , 2 ]
- Kiwoom said the event is intended for investors preparing fourth-quarter asset management and year-end tax saving. [ 1 , 2 ]
Still unclear
- Whether the maximum benefit is 5.02 million won or 5 million won. Asia Economy and Yonhap both write 5.02 million won, while the Newsis headline says 5 million won.
- The detailed benefit tiers, draw numbers and gift items. These come only from the Asia Economy article and are not corroborated by the other outlets.
- The full contents of the Newsis report. Its article body concerns an unrelated story, so only its headline-level details about the event could be used.
What local media are saying
Timeline, local time
- Asia Economy publishes the detailed report on the brokerage ISA event. [ 1 ]
- Yonhap publishes its notice-board item on the event. [ 2 ]
- Newsis publishes a report headlined on the event and the maximum payout. [ 3 ]
- The event period runs from October to the end of December, according to the company. [ 1 , 2 , 3 ]