New account holders to receive 5,000 won in cash

20 don of pure gold to be given away through lottery

[Provided by Hanwha Investment]
[Provided by Hanwha Investment]

Hanwha Investment announced Monday it will run a gold spot trading event through Nov. 30 to mark the launch of its mobile trading system (MTS) gold spot trading service.

The event is open to individual customers trading gold spot products and offers three types of benefits depending on trading conditions and criteria.

First, all customers who open a new gold spot account during the event period will receive a 5,000 won investment support payment. Minors, corporations and foreign nationals are excluded.

Customers will also receive tiered cash rewards based on their cumulative net purchase amounts in gold spot trading, ranging from a minimum of 3,000 won to a maximum of 150,000 won ($112).

A pure gold lottery has also been set up for gold spot trading customers. One lottery ticket is automatically issued for every 100 grams of gold spot traded, and a total of 20 don of pure gold will be awarded to 15 winners — five will receive 2 don each and 10 will receive 1 don each.

Gold spot exchange trading on the Korea Exchange is not subject to comprehensive financial income taxation and is exempt from capital gains tax and dividend income tax. It also allows real-time trading in small units of 1 gram.

The KRX gold market is a physical gold market established and operated by Korea Exchange with Financial Services Commission approval under the government's plan to bring gold trading into the formal economy. Investors trade directly through a brokerage's trading system after opening a securities account, much like trading shares.

"We have prepared benefits for investors trading gold spot to mark the opening of our MTS gold spot service," said Im Ju-hyeok, executive director of Hanwha Investment's asset management division. "We will continue to do our best to support portfolio management using a diverse range of assets."


jiyun@heraldcorp.com