Mirae Asset Securities Achieves 10 Trillion KRW in IRP... Pension Triple Crown

For the First Time in the Industry, Personal Pension, DC, and IRP Reserves All Surpass 10 Trillion Won

Mirae Asset Securities announced on the 25th that it has surpassed 10 trillion KRW in individual retirement pension (IRP) reserves, becoming the first in the industry to achieve this milestone. Following the achievement of 10 trillion KRW in individual pension reserves alone on March 6, and 10 trillion KRW in defined contribution (DC) reserves on April 1, Mirae Asset Securities has now crossed 10 trillion KRW in IRP reserves as well, accomplishing the remarkable feat of the pension triple crown.

The significance of achieving the triple crown is even greater because the three systems?individual pension, DC, and IRP?are the direct result of choices made by individual subscribers. Recently, Mirae Asset Securities revealed in its 2024 Q3 retirement pension reserve disclosure that individual retirement pensions (DC+IRP) increased by 4 trillion KRW in just the first nine months of this year, marking the highest reserve growth across the entire industry.

Mirae Asset Securities demonstrated excellent performance not only in reserves but also in returns. In the 2024 Q3 retirement pension reserve and return disclosure, both DC and IRP ranked among the top performers.

The background behind Mirae Asset Securities’ ability to achieve both the pension triple crown and strong returns lies in its capability to provide customized products and consulting expertise. Its product offering capability focused on managing customer returns through sustainable portfolio services (MP subscription, robo-advisor), while its consulting expertise met the needs of both corporate retirement pension clients and individual workers by providing various services to enhance customer convenience (remote support via a dedicated retirement pension website, electronic signature support). Additionally, the largest pension organization in Korea, composed of experts in taxation, labor, and actuarial fields, provides tailored consulting services that contribute to improving customer returns.

Moreover, Mirae Asset Securities offers diverse pension content through its official YouTube channel, ‘Smart Money.’ It delivers valuable information necessary for pension management and retirement preparation, including pension systems, effective investment methods, and the necessity of global asset allocation. These efforts have played a significant role in enabling easy and convenient investment of pension assets in line with Mirae Asset Securities’ slogan, “Investing Pension.”

With the full-scale implementation of physical transfer of retirement pensions starting at the end of October, expectations are rising about how much more Mirae Asset Securities’ retirement pension momentum will accelerate.

Choi Jong-jin, Head of the Pension Division at Mirae Asset Securities, stated, “Mirae Asset Securities is focusing its entire corporate capabilities on the pension business, approaching 40 trillion KRW in pension reserves. The implementation of the physical transfer system will further accelerate the money move toward investing pensions. We will do our best to support subscribers’ global asset allocation and build a convenient digital environment for the retirement of pension subscribers.”