Korea Investment & Securities Surpasses 520,000 IRP Subscribers... Highest in the Securities Industry

Korea Investment & Securities announced on April 20 that the number of individual retirement pension (IRP) subscribers reached approximately 523,000 as of the first quarter of this year, marking the highest figure in the securities industry.

This represents an increase of more than 50,000 subscribers in just three months, rising from approximately 473,000 at the end of last year. During the same period, IRP reserves also increased from 7.4302 trillion won to 8.8135 trillion won, recording a growth rate of 18.6%.

The company emphasized that this growth trend is the result of heightened interest in direct retirement pension investments, accelerated customer inflow driven by product competitiveness, and differentiated returns. According to the ‘Default Option Key Status’ report released by the Ministry of Employment and Labor, Korea Investment & Securities’ default option product ‘Aggressive Investment Type BF1’ has maintained the number one return in the securities industry for eight consecutive quarters. As of the first quarter of this year, its one-year return stands at 26.62%.

Korea Investment & Securities recently launched, for the first time in the industry, the ‘ETF Installment Automatic Investment Service,’ which allows customers to automatically purchase ETFs according to their preferred frequency and amount, in response to growing demand for ETF investments. As of April 14, the company offers a lineup of 965 ETF products. In addition, at the end of last year, the company reorganized its pension-related departments to provide more systematic management services.

Choi Jongjin, Head of the Pension Innovation Division, said, "As the retirement pension market environment shifts from the traditional defined benefit (DB) model to a focus on defined contribution (DC) plans and IRPs, it has become increasingly important to deliver differentiated services to customers, who are now the main operators of their funds." He added, "We will further strengthen our integrated pension management system and consulting capabilities through thorough analysis of customer needs and ongoing communication."

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