Mirae Asset Securities Surpasses 1 Million Pension Account Balances

Mirae Asset Securities announced on the 2nd that the number of accounts for Defined Contribution (DC), Individual Retirement Pension (IRP), and personal pension balance accounts surpassed 1 million as of the 21st of last month.

Pension assets, which stood at 8.6 trillion KRW at the end of December 2016, have grown approximately fivefold over eight years, achieving the milestone of 40 trillion KRW in pension assets and surpassing 1 million accounts. Last October, Mirae Asset Securities also achieved the pension triple crown by exceeding 10 trillion KRW in IRP reserves (as of October 14), with personal pension, DC, and IRP reserves all surpassing 10 trillion KRW.

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

The foundation for reaching 1 million balance accounts lies in two key strategies focused on contributing to successful asset management for pension customers and ensuring a peaceful retirement.

First, to enhance long-term returns, Mirae Asset Securities supports customers in successfully managing their assets by providing customized products and portfolio services tailored to customer preferences. Second, the consulting capabilities of the country’s largest pension organization, which includes numerous experts in tax, labor, and actuarial fields, are considered fundamental to achieving 1 million balance accounts by contributing to customers’ peaceful retirement.

With the recent implementation of the retirement pension physical transfer system, the need for an "investing pension" that allows investment in various financial products is expected to accelerate the money movement of individuals’ pension assets.

Jung Hyo-young, Head of the Pension Consulting Division at Mirae Asset Securities, said, "As a result of diversified investment in global quality assets, pension customers have shown favorable returns despite the domestic stock market stagnating for several years. We will continue to do our best to ensure customers’ peaceful retirement through a stable investment strategy based on global asset allocation."