Kiwoom Securities offers up to W5.02m in ISA promotion

Kiwoom Securities is running a cash and stock giveaway campaign targeting brokerage-type individual savings account (ISA) holders as the year-end tax-saving season approaches.

The brokerage said Tuesday it will hold the "Up to 5.02 million won ($3,700) + Samsung Electronics & SK hynix Dream! Brokerage ISA Season 3" event from this month through the end of December. Eligible participants include customers opening new accounts, transferring from other brokerages, renewing after maturity, making net deposits and placing trades.

A brokerage-type ISA allows investors to directly manage domestically listed shares and ETFs while enjoying tax benefits. Annual contributions are capped at 20 million won, and the account's gains and losses are netted before taxation, reducing the overall tax burden. After the mandatory three-year holding period, returns up to a set threshold are tax-exempt, while returns above that threshold are subject to a separate 9.9 percent tax rate.

New customers who open a brokerage ISA during the event period will receive 15,000 won in cash as an investment support grant. Customers in their 20s and 30s who make a net deposit of at least 100,000 won will also receive an additional 5,000-won CJ Olive Young gift voucher.

Benefits are also available for customers transferring from other brokerages or renewing after maturity. Existing and general new customers can receive up to 300,000 won based on their net deposit amount, while transfer customers can receive up to 1 million won in cash. Transfer customers who make net purchases of at least 1 million won will have their transferred amount counted at double. Transfer and renewal customers who make net deposits of 20 million won or more will be entered into a draw — two winners will receive 5 million won in cash each, and 68 winners will each receive one share of Samsung Electronics.

First-time traders can also win domestic shares and ETFs through a separate draw. Customers making their first trade in a brokerage ISA with net purchases of at least 1 million won are eligible, with a total of 2,173 winners each receiving one share. Eligible securities include SK hynix, Samsung Electronics, KODEX 200, TIGER Semiconductor TOP10, SOL AI Semiconductor TOP20 Plus and RISE Samsung Electronics SK hynix Bond Mixed 50.

Customers who share the event via KakaoTalk after registering will receive Naver Pay points — the first 10,000 participants will each get 1,000 points, with the offer open to full members only.

"The fourth quarter is a critical time for year-end asset management — reviewing annual investment performance and maximizing tax-saving limits for each account," a Kiwoom Securities official said. "We hope customers looking to capture both tax savings and investment returns will find real value through Kiwoom Securities' brokerage ISA and successfully wrap up their year-end portfolio rebalancing."