[Alpha Biz=(Chicago) Reporter Kim Jisun] Daishin Securities announced on the 22nd that it will pay 1 million shares to its employees using the employee stock ownership association system (ESOP).

If executives and employees acquire treasury stocks at a cost, the company will pay them free of charge in response. Shares acquired through paid-in contributions can be sold after a year, but stocks paid free of charge have a four-year mandatory deposit period, which can induce long-term service.

Paid-in contributions may be deducted from income at the time of year-end settlement. Holding acquired stocks for a long period of time will also provide various tax benefits, including a reduction in income taxes.

 

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