Mirae Asset Securities, 3 Trillion Won Inflow into Personal Pension Plans

Mirae Asset Securities announced on the 2nd that more than 3 trillion KRW flowed into individual pensions (DC, IRP, individual pension) in the first quarter of this year alone.

Specifically, defined contribution (DC) increased by 742.9 billion KRW, individual retirement pension (IRP) by 1.3708 trillion KRW, and individual pension by 1.0413 trillion KRW. This represents an increase of 1.9619 trillion KRW compared to the same period last year (DC 586.3 billion KRW, IRP 850.7 billion KRW, individual pension 524.9 billion KRW).

With the start of in-kind transfers accelerating pension money moves, and growing interest in long-term installment investments amid an unstable market, pension funds have steadily flowed into Mirae Asset Securities.

Mirae Asset Securities adopts a global asset allocation strategy as the fundamental philosophy of pension management. Its representative portfolio, MP40 (a medium-risk, medium-return seeking portfolio), is based on global diversification investments in the U.S., Europe, China, and other regions. The remaining asset allocation mainly consists of stable assets such as domestic bonds and developed country bonds.

To further enhance convenience for pension subscribers, Mirae Asset Securities plans to introduce various new services. In the first half of the year, it will newly launch a retirement pension robo-advisor wrap service and expand the installment purchase service of exchange-traded funds (ETFs), currently provided in individual pension services, to retirement pensions as well. Additionally, by establishing an on-market bond trading system through the mobile app M-STOCK, it aims to provide subscribers with a more efficient and convenient investment environment.

Jung Hyo-young, Head of the Pension Consulting Division at Mirae Asset Securities, said, "Since pensions are long-term assets, sustainable management centered on asset allocation strategies is key rather than short-term trends. We will continue to enhance consulting and post-management services so that customers can systematically design and manage their pensions according to their life cycles without being swayed by market conditions."