KakaoPay證 Unveils Pension Management Solution Maximizing Convenience

Kakao Pay Securities announced on the 25th that it will launch a pension savings service that maximizes user convenience centered on mobile.

The newly launched pension savings is designed so that anyone can easily start and systematically manage pension savings even in a busy daily life. Through this, it provides a financial solution that allows stable and planned management of future assets.

Kakao Pay Securities' pension savings was launched reflecting the demand of the steadily growing pension savings market. In a market situation that records a high growth rate every year, it optimized the user interface and experience (UI/UX) for pension savings and strengthened mobile usability.

Instead of simply adding the pension savings function to the existing operating system, menu accessibility was greatly improved so that users can use it more intuitively and easily. Also, through the newly added ‘Pension’ menu in the Kakao Pay app or KakaoTalk Pay Home, pension savings accounts can be used more conveniently.

For users holding comprehensive accounts at Kakao Pay Securities, a procedure was prepared that allows joining pension savings in just 5 seconds, excluding the time for providing personal information and agreeing to terms. During the subscription process, automatic deposit and installment saving settings are made at once, so pension management can start without any additional work. Furthermore, on the pension home screen, total assets, available order amount, investment items, and performance can be checked at a glance, enabling integrated pension asset management.

Kakao Pay Securities' pension savings provides intuitive information in the form of icons and card news to easily support investment decisions. To help users compose their portfolios, six investment categories are presented: ▲U.S. large-cap stocks ▲U.S. technology stocks ▲U.S. dividend stocks ▲Korean large-cap stocks ▲money market ▲domestic real estate, allowing selection of representative exchange-traded fund (ETF) items for each. In addition, convenience in selecting items is enhanced through major categories such as popular stocks, monthly dividends, and target date funds (TDF).

The pension savings account transfer procedure has also been simplified. It offers a ‘Moving In’ function that allows easy transfer of pension savings managed by other companies. Users can complete all application procedures from the list of transferable pensions, and once the transfer is complete, they will be notified via app push or AlimTalk.

Through this pension savings launch, Kakao Pay Securities expects to meet the needs of users who want long-term asset growth and convenient tax credit preparation. In particular, to commemorate the launch, new subscribers who deposit by the 31st of next month will receive a 1% bonus benefit up to 50,000 KRW. However, the bonus benefit may end early, and users should be aware that pension savings can also incur principal loss.

A Kakao Pay Securities official said, “The ambitiously launched pension savings service is a pension management solution designed with excellent simplicity from the user's perspective from the planning stage,” and added, “We hope you experience the entire smart pension management ecosystem that properly starts in your hand.”