Korea Investment & Securities Surpasses 16 Trillion KRW in Retirement Pension Reserves

Korea Investment & Securities announced on the 15th that its retirement pension reserves have surpassed 16 trillion KRW. This marks an increase of 1 trillion KRW in just two months since exceeding 15 trillion KRW at the end of November last year.

Korea Investment & Securities Headquarters.

As of the end of 2024, Korea Investment & Securities' retirement pension reserves amounted to 15.8184 trillion KRW, a 22% increase compared to 12.9601 trillion KRW at the end of 2023. The growth was driven by a 30% increase in defined contribution (DC) plans and a 60% increase in individual retirement pension (IRP) reserves, both directly managed by retirement pension subscribers. Since 2020, Korea Investment & Securities' retirement pension has maintained an average annual growth rate of approximately 23%.

According to the Ministry of Employment and Labor's report on the key status of retirement pension default options (pre-designated management methods) for the third quarter of 2024, Korea Investment & Securities' Default Option High-Risk BF1 recorded a one-year return of 26.56%, achieving the highest return in the securities industry for three consecutive quarters this year. Korea Investment & Securities offers a wide range of investment products and portfolios, including about 800 ETFs, and supports an ETF installment automatic investment service that allows monthly automatic purchases of desired ETFs.

The company has also led the transition to non-face-to-face retirement pension services. Last year, it established the Digital Pension Department and expanded partnerships for IRP account openings with major financial platforms such as KakaoBank. As a result, the reserves in non-face-to-face IRP accounts doubled in 2024, accounting for 45% of the total inflow. This year, Korea Investment & Securities plans to launch a dedicated robo-advisor (RA) discretionary service for retirement pensions. Designated as an innovative financial pilot project operator at the end of last year, it will provide various investment options to investors through its own RA as well as strategic partnerships with external RA specialists.

Kim Soon-sil, Head of the Retirement Pension Operations Division, stated, "Korea Investment & Securities is rapidly growing in the retirement pension market by offering a diverse product lineup as one of the industry's top retirement pension platforms. We will continue to lead the market with differentiated customer service and competitive products."