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[Guest Report] Tax-free fund provides chance to invest abroad

Nov 21,2017
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Customers who join the Standard Chartered Bank Korea’s tax-free overseas investment fund by Nov. 30 will be entered into a number of giveaways and have the chance to win prizes, including vouchers for trips with Hana Tour. [STANDARD CHARTERED BANK KOREA]
Standard Chartered Bank Korea is holding an event that gives customers who join the bank’s tax-free overseas investment fund by November 30 a chance to enter a number of giveaways, including travel vouchers and more.

Twelve people who invest more than 30 million won ($27,260) during the event period will be given a travel voucher from Hana Tour. Two people will receive a 2 million won voucher, and 10 people will be presented with a 1 million won travel voucher.

A high-quality Vogue umbrella will be gifted to people who invest between 10 and 30 million won, given that the bank account and its balance remains the same until the end of the event period.

Standard Charted Bank Korea’s tax-free overseas investment fund is exempt from taxes for 10 years, if the customer invests more than 60 percent in stocks from foreign countries. The maximum amount of tax-exempt benefits per person is 30 million won.

In addition, Standard Chartered Bank Korea is providing customers with a unique product introduction service to allow them to manage their property portfolios effectively.

Especially, through the self-developed fund selection and examination process by Standard Chartered Group’s Fund Select team, information regarding the investment tendency and management method of each fund manager, the funds’ recent outcomes and asset proportions, and how the bank evaluates each fund are provided.

Chang Ho-june, head of wealth management at Standard Chartered Bank Korea, said “With tax-free overseas investment fund, customers who have been interested but afraid of investing in foreign countries get the opportunity to initiate their investment.”

By Yee Jae-eun [yee.jaeeun@joongang.co.kr]