Shinhan Securities Marks 4 Trillion Won ISA Milestone With 3.65% Special RP Offer

Shinhan Securities is offering brokerage-type ISA customers a special repurchase agreement (RP) paying 3.65% per year before tax, a promotion the firm announced on September 1 to mark two milestones: its brokerage-type individual savings accounts have passed 500,000 in number, and the assets held in them have reached 4 trillion won.

A Reward Pegged to Account Growth

The brokerage-type ISA — a tax-advantaged wrapper that lets Korean retail investors hold stocks, funds, and other instruments in a single account — has become one of the main battlegrounds for securities firms competing to capture household savings. Shinhan’s promotion ties the special rate directly to that competition: the 3.65% pre-tax RP is reserved for holders of the firm’s brokerage-type ISA, positioning the elevated yield as both a thank-you to existing customers and an inducement for new ones.

An RP, in which the brokerage sells securities to the customer and agrees to buy them back at a set price, functions for retail investors as a short-term parking product with a predictable return. Offering one at a promotional rate is a low-friction way to reward account holders without changing the underlying ISA terms.

The Firm Behind the Offer

Shinhan Securities is the wholly owned brokerage arm of Shinhan Financial Group, one of Korea’s largest banking groups. The firm’s history stretches back to April 1973, when it opened as Hyosung Securities, and it has operated under six names since — including Ssangyong Investment Securities from 1983 and Good Morning Securities from 1999 — before adopting its current name on October 1, 2022.

The company crossed 3 trillion won in equity capital in March 2017, qualifying it for designation as a comprehensive financial investment business, a regulatory tier that expands the range of services a Korean brokerage may offer. Its distribution network spans 65 domestic branches and one sales office, along with four overseas subsidiaries and a representative office in Shanghai — a footprint that gives its retail campaigns, such as this ISA promotion, nationwide reach.

Reading the Milestone

The 4 trillion won balance figure works out to an average of roughly 8 million won per account across the 500,000 accounts — a reminder that the ISA remains, for most holders, a mid-sized savings vehicle rather than a primary investment portfolio. That profile is precisely what makes a short-term RP a fitting promotional product: it suits balances that owners want to keep liquid and safe while deciding where to deploy them.

For savers comparing options, the practical question is how the 3.65% pre-tax rate stacks up against ordinary deposit and RP rates on offer elsewhere, and what conditions — subscription window, purchase limits, tenor — attach to the special terms. Those details are set by the firm’s product terms, and prospective buyers should confirm them directly before subscribing.