KB Kookmin Bank Surpasses 15 Trillion Won in DC Retirement Pension Reserves, Maintains Top Spot in Financial Sector

Exterior view of KB Kookmin Bank New Building. Provided by KB Kookmin Bank

KB Kookmin Bank has become the first retirement pension provider to achieve 15 trillion won in defined contribution (DC) plan reserves, maintaining its top position in the financial sector.

According to KB Kookmin Bank on October 22, as of the end of the third quarter, the one-year return on non-principal-guaranteed products for retirement pension management stood at 15.38%, with a five-year average annual return of 6.33%.

KB Kookmin Bank explained that its strategy of pursuing long-term stable returns, centered on Target Date Funds (TDF), has proven effective. In particular, the bank noted that its focus on volatility management and stability, which is more suitable for medium- to long-term management than short-term, performance-oriented Exchange Traded Fund (ETF) products, has been successful.

A KB Kookmin Bank representative stated, "Our consistent retirement pension investment philosophy has led to meaningful results in terms of customer satisfaction," adding, "We will continue to position ourselves as a reliable partner for the public's retirement through a sustained customer-centric approach."

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