KB Securities "All Customer IRP Fees Fully Waived Starting June"

Applied Without Distinction Between Non-Face-to-Face and Face-to-Face Account Opening... Existing Customers Also Benefit

[Asia Economy Reporter Minwoo Lee] KB Securities will waive all fees for Individual Retirement Pension (IRP) accounts for all customers, regardless of whether they sign up through face-to-face or non-face-to-face channels.

KB Securities announced on the 24th that this benefit will be implemented from mid-next month. This move is considered more aggressive, taking into account that competitors recently waived IRP fees only for non-face-to-face accounts.

Accordingly, KB Securities' IRP customers will be able to receive full fee waivers not only on personal contributions made for year-end tax credit purposes but also on severance pay paid by their companies.

KB Securities plans to provide full fee waivers on fees incurred after the implementation date to all non-face-to-face customers, including existing ones. For IRP accounts opened face-to-face at branches, fee waivers will be offered to customers who invest more than 50% in funds, Exchange-Traded Funds (ETFs), and REITs (Real Estate Investment Trusts) as part of enhanced customer management to improve customer returns.

Additionally, employees enrolled in Defined Benefit (DB) and Defined Contribution (DC) retirement pensions with KB Securities who open an IRP account and make contributions will also receive fee waivers regardless of face-to-face or non-face-to-face enrollment. For more details, customers can contact the KB Securities Retirement Pension Consultation Center.

Choi Jaeyoung, Head of the Pension Business Division at KB Securities, stated, "We expect that this fee waiver implementation will bring more benefits to customers who entrust their valuable pension assets to KB Securities."

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