Shinhan Investment Corp. Launches Event for Physical Transfer of Retirement Pensions

Shinhan Investment Corp. announced on the 4th that it will hold an event for customers transferring their IRP from other companies to its IRP from November 1, when the physical transfer of retirement pensions is implemented, until March 31 of next year.

This event provides a Shinsegae Department Store gift certificate worth 30,000 KRW to all customers who complete a transfer of 1 million KRW or more from another company's retirement pension IRP account to Shinhan Investment Corp.'s IRP account between November 1 and March 31 of next year.

With the full implementation of the physical transfer of retirement pensions starting October 31, retirement pension subscribers can freely transfer to their desired financial institution without early termination of their held products. Shinhan Investment Corp. had previously provided a service guiding customers who applied for the physical transfer pre-event held until October 14 on how to apply for the physical transfer and important precautions.

Since April 1, Shinhan Investment Corp. has applied zero fees for asset and operation management of both face-to-face and non-face-to-face IRP accounts, so face-to-face accounts transferred from other companies can also enjoy the same fee benefits. However, product-specific costs such as fund fees are incurred separately.