Shinhan Investment Expands 'Cheoeum ISA' Service to All Age Groups

New and Transferred Brokerage-Type ISA Customers
Now Eligible for Cheoeum ISA with No Age Restrictions

On October 1, Shinhan Investment Corp. announced that it has expanded eligibility for its 'Cheoeum ISA' service to all age groups.

The 'Cheoeum ISA' allows users to enjoy the same tax benefits as the Shinhan Premier brokerage-type Individual Savings Account (ISA), while automatically buying and selling dedicated repurchase agreements (RP) with idle funds (entrusted deposits) within the account. Once per business day, after 8 p.m., entrusted deposits are automatically invested in dedicated RPs. If an order such as a stock purchase occurs, the RP is automatically sold and the funds are converted back to deposits.

The key point of this revision is the expanded age range for applications. Previously, only customers between the ages of 15 and 39 who opened a brokerage-type ISA could apply for the Cheoeum ISA. Going forward, customers of any age may apply. However, this expanded eligibility applies only to customers who open or transfer a new account starting October 1, 2026; existing account holders' eligibility remains unchanged.

Shinhan Investment Corp. initially developed the Cheoeum ISA to support asset building among young people, but broadened the service to all ages as the user base for brokerage-type ISAs has expanded. The company emphasized that this change aligns with Shinhan Financial Group’s customer-centric wealth management strategy, which aims to support asset building throughout each customer’s life cycle.

A Shinhan Investment Corp. representative stated, "With this service expansion, any customer can now select the Cheoeum ISA to manage their idle funds efficiently," adding, "As interest in ISA accounts continues to grow across all ages, we will keep introducing services tailored to our customers’ needs."

Meanwhile, until the end of this year, Shinhan Investment Corp. will conduct various promotional events for brokerage-type ISA customers. During the event period, all customers who newly open or transfer a brokerage-type ISA account from another institution will receive a cash gift of KRW 10,000. In addition, customers will receive an additional cash prize of up to KRW 1,000,000 based on their net deposit range (from KRW 2 million to KRW 250 million). There will also be drawings for benefits based on domestic Exchange-Traded Fund (ETF) trading amounts. Further details on these events can be found on the Shinhan Investment Corp. website and the Shinhan SOL Securities app.

Cheoeum ISA RPs can be purchased in amounts ranging from a minimum of KRW 10,000 to a maximum of KRW 100 million per transaction. Any amount exceeding individual or company limits will be managed as general entrusted deposits. The applicable interest rate is the fixed rate announced by the company at the time of deposit and may fluctuate depending on market rates. RPs are not covered by the Depositor Protection Act, and investment principal may be lost (from 0% up to 100%) due to fluctuations in asset prices, exchange rates, or credit ratings. Please be sure to review the product description and terms and conditions before applying for any product or service.

This content was produced with the assistance of AI translation services.