Mirae Asset Securities, Integrated Operation of Retirement Pensions for 5 Institutions under the Ministry of Employment and Labor

At the retirement pension integrated operation agreement ceremony of five institutions under the Ministry of Employment and Labor, Lee Nam-gon, Head of the Pension Division 1 at Mirae Asset Securities (back row, right), along with labor-management representatives from the five institutions and retirement pension operators, are posing for a commemorative photo.

[Asia Economy Reporter Song Hwajeong] Mirae Asset Securities announced on the 8th that it has signed an agreement for the integrated operation of retirement pensions for five institutions under the Ministry of Employment and Labor.

This integrated operation of retirement pensions is the first case in Korea to collectively manage defined benefit retirement pension systems of multiple institutions. The labor and management of the five institutions under the Ministry of Employment and Labor jointly formed a retirement pension committee to select a defined benefit retirement pension operator. Through this, employees will be able to share additional services and receive better service.

Mirae Asset Securities was selected as the operator for this integrated retirement pension operation, recognized for its institutional support capabilities and service provision capabilities as the first securities company to surpass 20 trillion KRW in pension balances.

The signing ceremony was attended by Cho Hyanghyun, Chairman of the Korea Employment Agency for the Disabled, Kim Jihong, Chairman of the Labor Union Integration Committee of affiliated institutions of the Ministry of Labor, as well as heads and labor union chairpersons of the five institutions. The retirement pension operators supporting the operation included Mirae Asset Securities, NH Investment & Securities, Kookmin Bank, and Woori Bank.

Namgon Lee, Head of the Pension Division 1 at Mirae Asset Securities, said, “Since this integrated operation of retirement pensions is the first case in Korea, we will support company-wide capabilities to make it a successful operational model.”