IBK Pension Insurance, 10th Anniversary "Discovering Growth Engines for a New Leap Forward"

[Asia Economy Reporter Oh Hyung-gil] IBK Pension Insurance announced on the 10th that it will embark on a new leap forward along with solid management to celebrate its 10th anniversary on the 9th.

IBK Pension Insurance started in 2010 with a capital of 90 billion KRW, 73 employees, and total assets of 86.5 billion KRW, and in 10 years grew to a capital of 500 billion KRW, 174 employees, and total assets worth 9 trillion KRW.

To overcome the limitations of pension endowment insurance without planners, it established partnerships with other banks besides the existing bancassurance channel, agency sales, and digital channels.

Also, as the introduction of retirement pensions for corporate workers is scheduled to be fully mandatory by 2026, IBK Pension Insurance proactively lowered the contribution fees for small and medium-sized enterprise workers who are relatively vulnerable in preparing for retirement.

With retirement pension products specialized for SME workers and excellent asset management capabilities, it recorded the highest retirement pension yield (defined contribution (DC), individual IRP) among 42 retirement pension providers.

IBK Pension Insurance plans to pursue ▲discovering growth engines for a new leap forward ▲focusing internal capabilities to enhance customer trust ▲expanding company-level investment for employee growth ▲providing differentiated services for SME workers.

Yang Chun-geun, CEO of IBK Pension Insurance, asked the executives and employees, "The reason the company has been able to develop over the past 10 years is thanks to your efforts and dedication working silently," and urged them to "actively participate in the passionate challenge to grow into the best company."

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