Gwangju Bank Launches 'Jeolse Yori-sa IRP' Event

Providing Cultural Gift Certificates and More
Through a Lottery for Individual Retirement Pension Customers

Gwangju Bank is conducting a "Holiday Chef IRP" event in four categories, offering cultural gift certificates and Shinsegae gift certificates to individual retirement pension customers in celebration of the year-end tax settlement season. Photo by Gwangju Bank

Gwangju Bank (President Ko Byung-il) announced on the 18th that it will hold the ‘Jeolse Yori-sa IRP’ event for IRP (Individual Retirement Pension) customers in celebration of the year-end tax settlement season.

IRP is a pension account that allows individuals to prepare retirement funds through severance pay or voluntary contributions. By combining IRP and pension savings, customers can receive tax deduction benefits of up to 9 million KRW annually.

Since the implementation of the ‘Retirement Pension Physical Transfer Service’ last month, subscribers can transfer retirement pension products held at other financial institutions to their Gwangju Bank IRP accounts in their existing investment product physical form without cashing them out, increasing interest in retirement pensions.

In line with this, Gwangju Bank is conducting the ‘Jeolse Yori-sa IRP Event’ in four categories: ▲new (accumulated) individual IRP subscriptions ▲additional deposits ▲severance pay receipt or pension account transfer ▲TDF (Target Date Fund) sales and management.

Participation is automatic upon meeting the event conditions by February 28 of next year. Among customers who maintain consent for mobile message marketing, 760 winners will be selected by lottery to receive Compose Coffee coupons, Baedal Minjok gift certificates, and cultural gift certificates. Additionally, customers who receive severance pay or transfer pension accounts and meet the event conditions will be given Shinsegae gift certificates.

Jung Chang-joo, Vice President of the Asset Management Headquarters, stated, “We have prepared this event so that more customers can enjoy tax benefits through individual IRP during the year-end tax settlement season and prepare for a stable retirement,” adding, “We will continue to be recognized as the best bank in pension management by expanding financial products and improving profitability.”