Shinhan Bank's 'Insaeng Pension Project' Event... Offering Galaxy Z Flip and More

[Asia Economy Reporter Kim Hyo-jin] Shinhan Bank announced on the 18th that it will hold the 'Life Pension Project Event' for customers who newly register or set up automatic transfers for Individual Retirement Pension (IRP) accounts.

Running until July 31, this event targets customers who newly register an individual IRP account, those who newly register with an amount equal to or greater than their age (in units of 10,000 KRW), and those who newly register and set up automatic transfers of 100,000 KRW or more for at least 12 months. Depending on the fulfillment of each condition, winners will be selected by lottery to receive prizes such as the Galaxy Z Flip (4 people), Nespresso capsule coffee machines (20 people), and Starbucks Americano mobile exchange coupons (2,000 people).

The individual IRP is a representative tax-saving pension product that offers tax deduction benefits on annual contributions up to 7 million KRW. Starting this year, customers aged 50 or older can receive tax deductions on contributions up to 9 million KRW annually for three years if they meet the income criteria.

Along with the event, Shinhan Bank will release a pension explanation video under the concept "Pension is a reliable friend for a happy life after retirement." The video can be viewed on Shinhan Bank's official YouTube channel and the Future Planning for You webpage.

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