KB Kookmin Bank Establishes DB Reserve Fund Management Support System

[Asia Economy Reporter Buaeri] KB Kookmin Bank announced on the 27th that it has established 'KB-IPS,' a DB reserve fund management support system, to provide professional consulting services.

KB-IPS is designed to support the formation of reserve fund management committees and the preparation of reserve fund management plans for DB (Defined Benefit) type retirement pension client companies.

Using KB-IPS, Kookmin Bank analyzes simulations of retirement pension assets and liabilities, enabling client companies to set appropriate target rates of return.

Additionally, retirement pension experts from KB Financial Group develop optimal asset allocation solutions based on the analysis results and provide client companies with reserve fund management plans.

In particular, the consulting results clearly demonstrate the client company's target rate of return and asset allocation process, which can be utilized during the review and resolution of the reserve fund management committee's operation plan.

The bank stated that recent consulting outcomes have been well received by offering reasonable target rates of return, risk asset investment limits, investment policies, and various customized asset allocations.

Jeon Dongsuk, Head of the Pension Business Division at Kookmin Bank, said, "We are now able to provide customized consulting services to various client companies," adding, "We will offer top-level consulting in Korea to actively support reserve fund management."

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