NH Investment Securities said on Friday it is holding a pre-notification sign-up event ahead of the launch of the Reshoring Investment Account (RIA) system, a scheme for repatriated accounts.

The RIA is an account designed to offer temporary tax benefits related to capital gains tax on overseas stock sales when investors convert proceeds from selling overseas stocks into won and invest in domestic shares.

With legislative procedures for implementing the system scheduled, NH Investment Securities set up the event to inform clients in advance about the benefits of RIA accounts and to encourage domestic investment.

The event focuses on providing advance guidance on the main content of the RIA system and its tax-saving structure. It will run as a notification sign-up programme so clients can receive needed information in a timely manner in line with the system's start date.

Yoon Byung-woon (윤병운), CEO of NH Investment Securities, said the RIA account could be a practical tax-saving alternative as profits from overseas stock investing have grown. He said the event was prepared to help clients investing in overseas stocks prepare tax-saving strategies in advance.