NH Investment & Securities Launches 'Prepare for RIA and Repatriate to Domestic Market' Event

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NH Investment & Securities announced on January 30 that it will hold a pre-notification event ahead of the implementation of the RIA (Repatriation Investment Account) system in the domestic market.

The RIA account is designed to provide temporary tax benefits related to capital gains tax on overseas stocks when funds from the sale of overseas stocks are converted to Korean won and reinvested in domestic stocks.

With the legislative process for the system scheduled, NH Investment & Securities explained that it organized this pre-event to inform customers in advance about the advantages of the RIA account and to support the policy of encouraging the return of investments to the domestic market.

This event focuses on providing advance information about the main features of the RIA system and its tax-saving structure. It operates as a notification subscription so that customers can receive the necessary information in a timely manner when the system is launched.

The event will run until February 6. Customers who subscribe to RIA notifications during the event period will be entered into a draw for gold prizes and coffee gifticons. Gold prizes will be awarded to a total of six winners: one person will receive 3.75 grams, two people will receive 1.88 grams each, and three people will receive 1 gram each. In addition, 30,000 customers will be selected to receive Starbucks coffee gifticons.

Byungwoon Yoon, CEO of NH Investment & Securities, stated, "The RIA account can serve as a practical tax-saving solution in the current environment of increased profits from overseas stock investments," adding, "We have prepared this initiative to help overseas stock investors proactively plan their tax-saving strategies."

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