Mirae Asset Daewoo Reports 30-Fold Increase in Non-Face-to-Face Pension Savings Accounts in Q1 Compared to Previous Year

[Asia Economy Reporter Song Hwajeong] Mirae Asset Daewoo's non-face-to-face direct pension savings accounts have increased more than 30 times compared to the same period last year.

Mirae Asset Daewoo announced on the 9th that the recent trend of increasing non-face-to-face stock accounts is also appearing in non-face-to-face pension accounts. Looking at the status of Mirae Asset Daewoo direct pension savings accounts, which are mainly traded non-face-to-face, about 80% of the total new direct pension savings accounts in 2019 were already opened in the first quarter of this year, showing an increase of more than 30 times compared to the same period last year. The amount of non-face-to-face pension transfers also exceeded the total transfer amount of last year within just the first quarter.

In particular, the proportion of people in their 30s and 40s accounted for more than 50% of the total, which is analyzed as the smart money of the younger generation flowing into direct investment through pension accounts.

Looking at the product trading details of subscribers who joined pensions non-face-to-face at Mirae Asset Daewoo, exchange-traded funds (ETFs) accounted for about 50%, among which the trading increase was remarkable in the order of TIGER Nasdaq 100, TIGER U.S. 10-Year Treasury Futures, and KODEX S&P 500 Futures ETFs. This indicates that customer demand for performance-based dividend products is gradually increasing.

Yoon Sanghwa, Head of Digital Business Division at Mirae Asset Daewoo, said, “It seems that the number of pension accounts is increasing as investors who see the current ultra-low interest rate situation possibly continuing long-term and the stock market decline as an opportunity are increasing,” adding, “It is estimated to be the result of combined demand to switch from existing interest-type products to performance-based dividend products.”

Although managing interest-type products in pensions is stable, it may be difficult to achieve sufficient target retirement funds, so in such situations, performance-based dividend products can be an alternative. A Mirae Asset Daewoo official explained, “Since there is a pension transfer system, it is possible to open accounts and apply for pension transfers online without visiting the company, so anyone who has demand can conveniently use it.”

Detailed information about the products can be found on the Mirae Asset Daewoo website or customer center.

This content was produced with the assistance of AI translation services.