Shinhan Investment Corp. Surpasses 6 Trillion Won in Retirement Pension Assets

The size of Shinhan Investment Corp.'s retirement pension assets has surpassed 6 trillion won. This achievement comes approximately one year and three months after exceeding the 5 trillion won mark in early 2024.

According to Shinhan Investment Corp. on June 16, the retirement pension asset balance exceeded 6 trillion won as of the end of May. By type, DB (Defined Benefit) and DC (Defined Contribution) products accounted for 4 trillion won, while IRP (Individual Retirement Pension) assets reached 2 trillion won. When including individual pension savings assets of 1.2 trillion won, the total pension asset balance amounts to 7.2 trillion won.

This sustained growth is attributed to the continued increase in IRP customers. The number of IRP customers with account balances exceeding 100 million won rose by 48% compared to the previous year. Notably, customers in their 40s and 50s accounted for 63% of the total IRP balance, indicating that a significant portion of the inflow is for practical retirement preparation.

IRP reserves have increased by 498 billion won over the past year, marking a 2.4-fold growth over the past three years. The company’s efforts to enhance customer returns?such as offering free IRP account fees, providing non-face-to-face consultation services through digital PB, and diversifying the range of investment products?are also seen as contributing factors to the expansion of pension assets.

Jung Yongwook, Head of Wealth Management at Shinhan Investment Corp., stated, "We will develop investment content to provide practical assistance in managing pension assets and offer optimal solutions to our customers." He added, "We plan to hold various events and offer customized services to encourage more customers to take an interest in preparing for their pension assets."