Samsung Securities, 'Retirement Pension is Default Option Easy' Event

Ongoing Until the End of April... Up to 3 Cups of Coffee Provided

Samsung Securities announced on the 29th that it will hold an event until the end of April for the first-time pre-designation and net purchase of default option products.

The default option system is a system in which retirement pension (defined contribution (DC) and individual retirement pension (IRP)) subscribers who newly subscribe or do not select a method of managing their accumulated funds within a certain period after the product maturity operate their funds with one default option product pre-designated by the subscriber.

The event consists of two parts. The first event rewards one Starbucks Americano T for the first-time pre-designation of a default option product. If designated in a DC account, all participants receive the reward, and if designated in an IRP account, the reward is given to the first 3,000 participants. It is possible to receive rewards for both DC and IRP.

The second event rewards one Starbucks Americano T to the first 2,000 participants who make a net purchase of 100,000 KRW or more of default option products. The net purchase amount is based on the combined total of DC and IRP accounts. Both events can be combined, allowing a maximum of three rewards.

Meanwhile, Samsung Securities increased the accumulated amount of individual pensions, including DC (defined contribution), IRP (individual retirement pension), and pension savings last year. The scale of Samsung Securities' individual pension accumulated funds grew from about 7.9 trillion KRW at the end of 2022 to 11.2 trillion KRW at the end of 2023, recording an annual growth rate of 41.1%. In particular, the annual growth rates of DC, IRP, and pension savings were evenly distributed at 40.2%, 40.8%, and 42.6%, respectively.

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