Korea Investment & Securities 'Kantoo IRP, Try with TDF' Event

[Asia Economy Reporter Junho Hwang] Korea Investment & Securities, a subsidiary of Korea Financial Group, will hold the 'Korea Investment IRP, Try with TDF' event on the 5th for individual retirement pension (IRP) account holders at branches.

Korea Investment & Securities will provide cultural gift certificates worth up to 30,000 KRW based on the total purchase amount by asset management company when customers deposit funds into IRP accounts at branches and purchase target date funds (TDF) from seven designated asset management companies including Korea Investment Management. There are three tiers per asset management company, with benefits given to the first 100 customers per tier, totaling 2,100 customers across all seven companies. If customers purchase products from multiple asset management companies, they can receive multiple rewards.

TDF is an asset allocation fund that automatically adjusts the portfolio according to the life cycle by balancing risky and safe assets in line with the investor’s retirement timing. In advanced countries such as the United States, it is recognized as a representative pension investment product that reduces the management burden of pensions.

IRP accounts can be opened immediately by selecting a nearby branch non-face-to-face through the Korea Investment mobile app. To transfer an IRP held at another company to Korea Investment & Securities, customers can visit a Korea Investment & Securities branch or apply through the website or mobile app. TDF product inquiry and subscription are available directly via the 'eFriend Smart Pension' app.

This event runs until June 30. For more details, please contact the Korea Investment & Securities Customer Center or the Korea Investment & Securities Retirement Pension Consultation Center.

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