Korea Investment & Securities Surpasses 8 Trillion KRW in Retirement Pension Reserves... Increased by Over 1 Trillion KRW

[Asia Economy Reporter Hwang Junho] The pension assets of Korea Investment & Securities, a subsidiary of Korea Financial Group, have exceeded 1 trillion won in inflows this year alone, pushing the total retirement pension reserves beyond 8 trillion won as of the 30th.

Korea Investment & Securities' retirement pension reserves surpassed 8 trillion won just 11 months after reaching 7 trillion won in January this year. In particular, IRP assets increased by approximately 530 billion won this year, growing by 70% compared to the beginning of the year. The increase was significantly higher than other retirement pension providers due to benefits such as free fees for non-face-to-face IRP management.

The high returns driven by strong pension fund management capabilities also contributed to competitiveness. As of the third quarter of this year, the one-year returns for DB-type, DC-type, and IRP were 2.12%, 7.69%, and 7.25%, respectively, maintaining top-tier levels in the industry. Korea Investment & Securities was also the only securities company selected as an excellent comprehensive operator among the 'Top 10% Outstanding Retirement Pension Providers of 2021' announced by the Ministry of Employment and Labor and the Korea Workers' Compensation and Welfare Service in November.

A representative from Korea Investment & Securities stated, "We are establishing a solid position as a major retirement pension provider by excelling in fund products and service capabilities," adding, "We will continuously support customers' retirement preparations by offering diverse products and improving returns."

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