KB Kookmin Bank Surpasses 30 Trillion Won in Retirement Pension Accumulated Assets

First Ever Business Operator Surpasses 30 Trillion Won

[Asia Economy Reporter Park Sun-mi]KB Kookmin Bank announced on the 13th that it has become the first retirement pension operator to surpass 30 trillion KRW in retirement pension asset management reserves.

With this, based on reserve assets, KB Financial Group ranked first in market share among financial groups, KB Kookmin Bank ranked first in market share among all retirement pension operators, and it became the first retirement pension operator to surpass 30 trillion KRW, achieving a 'triple crown.'

KB Kookmin Bank also maintains top industry-level 1-year returns (principal and interest not guaranteed) in individual IRP and DB-type through differentiated customer and return management in retirement pensions. In the recent 10-year long-term returns (principal and interest not guaranteed), DB-type, DC-type, and individual IRP all ranked first among commercial banks. Last year, the bank fully introduced the 'Retirement Pension Customer Management System' and built a 'Retirement Pension Dedicated Customer Management System,' further focusing its capabilities on managing customer returns.

Additionally, KB Kookmin Bank operates the industry's first one-on-one customized 'Retirement Pension Asset Management Consulting Center' and the offline consultation center 'KB Golden Life Center,' which provides pension asset management services from retirement preparation to post-retirement.

Meanwhile, in accordance with the mandatory establishment of the DB-type Reserve Fund Operation Committee starting April next year, KB Kookmin Bank provides corporate clients with consulting on reserve fund operation plans based on liability-driven investment (LDI) analysis and customized asset allocation solutions (OCIO). Furthermore, the bank plans to continuously expand new pension operation products such as ESG (Environmental, Social, Governance) and eco-friendly funds, and fixed income structure funds.

A KB Kookmin Bank official stated, “Surpassing 30 trillion KRW in reserve assets following the achievement of market share number one is the result of efforts to improve the entire pension business, including active customer and return management,” and added, “We will continue to actively support pension asset management for customers' retirement and establish ourselves as the lifelong financial partner of the people.”

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