'Pension Market Evolves from Money Move to People Move'—Korea Investment & Securities Surpasses 30 Trillion Won in Pension Assets
Korea Investment & Securities Co. has surpassed 30 trillion won ($22.5 billion) in pension assets, driven by strong client trust and robust returns from its default option products.
Mirae Asset Asset Management Co. has surpassed 50 trillion won in pension assets, leading South Korea's default option market with a 34.61% share and reporting robust growth in TDFs and ETFs.
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'Default Option Market Share No. 1'—Mirae Asset Asset Management Surpasses 50 Trillion Won in Pension Assets
Mirae Asset Asset Management Co. has surpassed 50 trillion won in pension assets, leading South Korea's default option market with a 34.61% share and reporting robust growth in TDFs and ETFs.
Shinhan Investment & Securities Reaches 8.5 Trillion Won in Pension Assets—Tax Benefits Drive Enrollment Among 30-Somethings
Shinhan Investment & Securities surpassed 8.5 trillion won in pension assets, driven by strong growth in retirement pension products and rising demand for tax benefits among younger clients.
South Korea’s National Pension Service is set to post a record 20% annual return in 2024, with fund assets nearing 1,472 trillion won, driven by strong equity gains and upcoming policy changes to boost contributions and benefits.
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National Pension Fund Delivers Record 20% Return in 2024, Assets Near 1,472 Trillion Won
South Korea’s National Pension Service is set to post a record 20% annual return in 2024, with fund assets nearing 1,472 trillion won, driven by strong equity gains and upcoming policy changes to boost contributions and benefits.
Shinhan Investment & Securities’ Pension Assets Near 8 Trillion Won—Bond Holdings Surge 58% Amid Low Interest Rates
Shinhan Investment & Securities’ pension assets are nearing 8 trillion won, with bond holdings up 58% as clients seek higher returns amid low interest rates.
Kyobo Life Insurance has launched South Korea’s first MyData-based retirement planning simulation service, enabling users to view and project pension assets in one app, as survey data highlights insufficient retirement preparation among those in their 40s and 50s.
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Kyobo Life Launches Industry-First Retirement Planning Simulation Service
Kyobo Life Insurance has launched South Korea’s first MyData-based retirement planning simulation service, enabling users to view and project pension assets in one app, as survey data highlights insufficient retirement preparation among those in their 40s and 50s.
Woori Bank has been reappointed as the primary domestic custodian bank for South Korea’s National Pension Service, managing assets worth 1,200 trillion won ($870 billion), marking its fourth consecutive term and reinforcing its leadership in pension fund custody services.
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Woori Bank Reappointed as National Pension Service Custodian Bank for Fourth Consecutive Term
Woori Bank has been reappointed as the primary domestic custodian bank for South Korea’s National Pension Service, managing assets worth 1,200 trillion won ($870 billion), marking its fourth consecutive term and reinforcing its leadership in pension fund custody services.
Mirae Asset Securities’ pension assets have surpassed 50 trillion won ($36.7 billion), with 8.4 trillion won in gains driven by global asset allocation, as the firm leads South Korea’s retirement pension market in both growth and returns.
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Mirae Asset Securities’ Pension Assets Surpass 50 Trillion Won—8.4 Trillion Won Gains from Global Asset Allocation
Mirae Asset Securities’ pension assets have surpassed 50 trillion won ($36.7 billion), with 8.4 trillion won in gains driven by global asset allocation, as the firm leads South Korea’s retirement pension market in both growth and returns.
Death Benefits to Be Used as Pension Assets
South Korea’s FSC will allow policyholders to convert death benefits into pension assets, expanding eligibility and aiming to address retirement income gaps.
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