Korea Investment & Securities Partners with KakaoBank for IRP Account Opening Service

Korea Investment & Securities, a subsidiary of Korea Financial Group, announced on the 18th that it will provide a service through KakaoBank that allows users to easily check IRP benefits and open accounts.

Through this partnership, users can check IRP benefits on the 'IRP Comparison Page' of the KakaoBank app and conveniently open an account via the linked Korea Investment & Securities account opening web service. An IRP (Individual Retirement Pension) is a retirement pension account that individuals can directly manage by depositing severance pay or surplus funds. It offers a maximum tax credit of 16.5% up to 9 million KRW annually, with tax deferral on investment income and retirement income tax savings, making it highly useful.

An event celebrating the service partnership will be held until the 29th. The first 5,000 customers who open an IRP account through the Korea Investment & Securities account opening web service linked with KakaoBank and set a contribution limit or deposit severance pay will receive a 10,000 KRW department store gift certificate. Contribution limits can be set through the Korea Investment & Securities retirement pension app 'myYeongeum'.

Korea Investment & Securities is expanding partnership services with internet banks such as KakaoBank, Toss Bank, and K Bank. To enhance customer convenience, functions have been added to easily open accounts by linking with each company's app. Various financial product information, including bonds and commercial papers, is also provided.

Hong Deok-gyu, Head of the Retirement Pension Division, said, "By partnering with KakaoBank, customers can easily deposit subscriber contributions, ISA maturity funds, severance pay, and more," adding, "We will continue to collaborate with various financial companies to expand customer touchpoints."