Hanwha Investment offers up to W1m in cash for new ISA customers

Hanwha Investment announced Monday it will run a "Start Investing with a Brokerage ISA" campaign through Oct. 30.

The promotion targets customers who open a new brokerage individual savings account (ISA) or hold a dormant one. Customers who open a new brokerage ISA and register for the event will receive a 5,000-won account-opening bonus.

Customers who deposit funds into their brokerage ISA and trade 10 million won ($7,380) or more in domestic shares, bonds, ETFs or funds can receive up to 1 million won in cash, with the payout determined by the net deposit amount.

Customers transferring a brokerage ISA from another firm to Hanwha Investment will have their transferred amount counted at twice its value toward the qualifying threshold.

Customers can sign up through the company's mobile app, Hanwha Investment MTS.

Im Ju-hyeok, executive director of Hanwha Investment's asset management division, said the brokerage ISA is "an essential account that lets investors enjoy tax benefits while investing across a wide range of financial products." He added that he hopes investors use the brokerage ISA as a starting point to build a solid foundation for growing their assets.

Hanwha Investment is also running a separate non-face-to-face campaign, "Start Investing This Autumn," through Oct. 30. The promotion is open to first-time customers opening a non-face-to-face general account for the first time in their lives, as well as dormant customers whose account balance remained below 100,000 won from March through August this year, with benefits of up to 20,000 won available.