Hana Bank, New Individual IRP Subscription Event... "5000 Hana Money Given to Use Like Cash"

[Asia Economy Reporter Kim Min-young] Hana Bank has prepared a new subscription event for Individual Retirement Pension (IRP).

During the event period from the 26th to the 25th of next month, if you subscribe to an individual IRP using Target Date Fund (TDF) or Target Income Fund (TIF) as the managed assets at any Hana Bank branch nationwide, internet banking, or the Hana One Q application (app), you will receive Hana Money rewards. This provides an opportunity to prepare for year-end tax settlement and retirement funds in advance before the end of the year, while also earning Hana Money as a bonus.

Hana Bank will give 5,000 Hana Money, which can be used like cash, to customers who meet all three conditions during the event period: newly subscribing to an individual IRP with at least 100,000 KRW, setting up automatic transfers of 100,000 KRW or more for at least one year, and registering a purchase ratio of 50% or more in TDF or TIF.

Additionally, customers who transfer their pension savings or individual IRP accounts from another financial company to Hana Bank and meet two conditions?new account transfer of 100,000 KRW or more and registering a purchase ratio of 10% or more in TDF or TIF?will also receive 5,000 Hana Money.

TDF, which is managed with a scale of over 1,000 trillion KRW in the U.S. retirement pension market, was introduced domestically in 2016. Recently, as investor awareness has increased, the total assets under management reached 3.5312 trillion KRW as of the end of last month.

TDF is characterized by a strategy that continuously adjusts the proportion of investment and safe assets according to the remaining period until the investor’s expected retirement date.

TIF is a product that consolidates asset management strategies for pension withdrawal periods, diversifying investments in global bonds and stocks, and implementing an income-asset-centered asset allocation strategy aiming for returns exceeding the inflation rate.

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