Shinhan Investment & Securities Expands 'CheoeumISA' to All Age Groups; Automatically Invests Idle Funds

[Financial News] Shinhan Investment & Securities is expanding eligibility for its 'CheoeumISA' service, which is offered to customers with brokerage-type individual savings accounts (ISAs), to people of all ages. The service automatically invests idle funds in a dedicated repurchase agreement (RP), improving the convenience of customers' asset management.
Shinhan Investment & Securities announced on the first that it would expand the eligible age range for the 'CheoeumISA' service from ages 15 to 39 to all age groups.
However, the change applies to customers who open a new brokerage-type ISA or complete an account transfer from another company on or after October 1. Existing customers will remain subject to the previous eligibility criteria.
'CheoeumISA' is a service that automatically invests idle funds in a dedicated RP while preserving the tax benefits of the Shinhan Premier brokerage-type ISA. After 8 p.m. on business days, customer cash balances are automatically used to purchase the dedicated RP. When an order, such as a stock purchase, is placed, the RP is automatically sold and converted back into cash.
Previously, only customers ages 15 to 39 could apply, as the service was designed to support wealth building among younger people. Shinhan Investment & Securities explained that eligibility was expanded as the customer base for brokerage-type ISAs broadened to include all age groups.
Shinhan Investment & Securities said the change also aligns with Shinhan Financial Group's customer-focused asset management strategy, which aims to support wealth building throughout customers' life cycles.
A Shinhan Investment & Securities official said, "The service expansion allows anyone to choose CheoeumISA and manage idle funds efficiently," adding, "As interest in ISA accounts spreads across all age groups, we will continue introducing services tailored to customers' needs."
Meanwhile, Shinhan Investment & Securities is holding a year-end event for brokerage-type ISA customers. All customers who open a new account or transfer an account from another company will receive KRW 10,000 in cash, while customers will receive tiered cash rewards of up to KRW 1 million based on their net deposits.
The company has also prepared a raffle with benefits based on domestic-listed ETF trading volume brackets. Details are available on the Shinhan Investment & Securities website and the Shinhan SOL Securities app.
The dedicated RP for CheoeumISA 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 an individual's limit or the company's overall limit will be managed as ordinary customer cash.
The applicable return is the contracted rate announced by the company when the funds are deposited and may fluctuate in line with market interest rates. RPs are not covered by deposit insurance, and investors may incur losses of principal due to changes in asset prices or exchange rates, or a decline in credit ratings.

[email protected] Kang Jung-mo Reporter