Korea Investment & Securities, Retirement Pension IRP Deposit and ETF Purchase Event

Korea Investment & Securities, a subsidiary of Korea Financial Group, announced on the 4th that it will hold a retirement pension IRP deposit and ETF purchase event until September 29.

Customers who make a net deposit of 5 million KRW or more into an Individual Retirement Pension (IRP) account will receive a 10,000 KRW Shinsegae gift certificate. If customers purchase 5 million KRW or more of ETFs from the designated asset management companies using a Defined Contribution (DC) or retirement pension IRP account, they will receive a 20,000 KRW Shinsegae gift certificate. Since net purchase amounts are aggregated by asset management company, purchases must be made with products from the same company.

An Individual Retirement Pension (IRP) is a retirement pension account where individuals can directly manage funds by depositing surplus money. It offers a tax deduction of up to 9 million KRW annually. It is highly utilized due to tax deferral on investment income and retirement income tax savings.

Hong Deok-gyu, head of the Retirement Pension Division, said, "The ETF market recently surpassed 100 trillion KRW, driven by the benefits of diversified investment," adding, "It is highly preferred by subscribers." He continued, "We hope this ETF purchase event will serve as an opportunity to increase interest in managing retirement pension assets."

The event is only open to customers who opened accounts at nationwide branches or selected a branch as their account management point when signing up remotely.