✅ What is an ISA?
ISA stands for Individual Savings Account, an all-in-one account that lets you enjoy tax benefits while investing in various financial products such as deposits and savings, funds, ETFs and stocks.
Simply put, it is a tax-saving account where you hold and manage several financial products in one account and are exempted from part of the tax on the returns.
As things currently stand,
- up to 2 million won for the general type and
- up to 4 million won for the low-income and farmer/fisher type are granted tax-free benefits.
🏛️ Introduction of the system and changes
- 2016: Trust-type and discretionary-type ISAs introduced
- 2021: Brokerage-type ISA makes stock investing possible
- 2025: Introduction of a "Junior ISA" for young people under discussion!
📰 Latest news summary
1. "Build assets through financial investment; the habit should start from a young age" – 2025.06.21
👉 Go to the article
News has emerged that the financial authorities are actively considering introducing a "Junior ISA" for teenagers and young adults.
The aim is to help people take their first step in building assets as early as possible, and minors are also expected to be able to open ISA accounts.
2. "Shinhan Securities launches 'Cheoeum ISA' (First ISA), dedicated to brokerage-type ISAs" – 2025.06.18
👉 Go to the article
Shinhan Securities launched the "Cheoeum ISA" (First ISA) service for young people aged 15 to 39.
The service
- automatically invests idle cash in the account in RP (repurchase agreement) products,
- and even offers a points giveaway event for new sign-ups,
aiming to be an ISA entry platform that even beginner investors can easily access.
✍️ Wrapping up: The sooner you prepare an ISA, the better.
An ISA is not just an account for saving on taxes.
As the first step toward long-term asset management, it is a very useful system, especially for people in their 20s and 30s and those who have just started working.
On top of that, with the recent discussion of an ISA for teenagers and the launch of ISAs dedicated to young adults, the ISA is now evolving into a national bankbook that every generation can use.
💡 As a first step toward building assets, why not start by opening an ISA account yourself?