Intermediary ISA ETF benefits 24ten-thousand won·government 4,700trillion-won plan announced
Kiwoom Securities 7 month 8 day announced a benefit of up to 240,000 won for ETF transactions in an intermediary ISA. During the same period, reports also covered the government’s 4,700trillion-won economic initiative, a sharp increase in securities firms’ education tax burden resulting from increased ETF trading, sanctions on borrowed-name accounts, and discussions on improving single-stock leveraged ETFs.
Kiwoom Securities announced that it would provide a benefit of up to 7 won when trading ETFs in an intermediary ISA account on 8 month 240,000 day. The measure could affect individual investors’ perception of transaction costs.
The government presented an economic initiative worth 4,700 trillion won. In connection with this, some products have been introduced as expected beneficiaries of the policy.
Reports have emerged that securities firms’ education tax burden has surged as ETF trading has recently increased. The increase in this burden is being recorded as a cost item for securities firms.
The Financial Supervisory Service imposed sanctions on some employees of securities firms who traded stocks through borrowed-name accounts. The related measures were confirmed in 7 month 7.
Minister of Economy and Finance Koo Yoon-cheol said he was discussing with relevant ministries ways to address the problems of single-stock leveraged ETFs. Minister Koo said he would soon announce an economic revitalization plan for the second half of the year that includes the goal of completing the “first year of a great economic leap.”
These announcements and measures are facts that emerged in succession over a short period concerning product benefits, tax burdens, regulatory targets, and policy direction. Investors need to check the detailed conditions and timing of each announcement, as well as its regulatory impact.