NH Bank has introduced a new trust product that allows customers to invest in the Korea Exchange (KRX) gold spot market directly from bank branches. This product enables access to gold investments without the need to open a separate brokerage account.
On June 30, NH Bank announced the launch of the specific monetary trust product, 'NH KRX Gold Investment Trust (Physical Type)'.
This product is based on transactions in the KRX gold spot market and utilizes physical gold stored with the Korea Securities Depository as its underlying asset, allowing for trading based on real-time market prices.
It also offers tax benefits. Under relevant regulations, capital gains from trading are exempt from dividend income tax, and investors are excluded from comprehensive financial income taxation, with no capital gains tax applied.
Previously, individual investors needed to open a brokerage account to invest directly in the KRX gold market. The introduction of this product now provides a pathway for bank customers to invest in the gold spot market.
An NH Bank representative stated, "This product can serve as an option for customers considering inflation hedges and tax-saving strategies. We anticipate demand from high-net-worth individuals, retirees, and those seeking alternative investment assets."
* This article has been translated by AI.
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