Search results for DC
Finance
Woori Bank posts 18.4 percent Q3 returns on DC retirement pension products
Woori Bank recorded an 18.4 percent return in the third quarter on non-principal-protected defined contribution retirement pension products, the highest among the top 10 providers by retirement pension assets across banking, securities and insurance, it said. Its individual retirement pension return was 18.3 percent, ranking third. The bank said both DC and IRP rankings rose by one place from the previous quarter.
AI & Enterprise
Race to foster AI data centres; industry calls for deregulation and tax credits
Industry figures called for developing AI data centres as \"AI factories\" that produce computing resources, citing job creation and regional balanced development. At a forum hosted by the Korea Telecommunications Operators Association in Seoul, an SK Telecom executive urged attracting big tech AI computing demand and building domestic production hubs, while calling for deregulation and tax credits. Speakers also outlined planned sub-regulations for a special AI data centre law, including power-capacity criteria, streamlined permits and special zones outside the capital region.
Finance
Hana Bank retirement pension assets top 52 trillion won, largest rise among banks this year
Hana Bank\'s retirement pension assets exceeded 52 trillion won as of the end of the third quarter, rising 3.77 trillion won from the end of last year, the largest increase among banks. Growth in individual retirement pension (IRP) and defined contribution (DC) plan balances led the overall increase. Hana Bank said assets totalled 52.16 trillion won at end-September. It is also expanding related services and products and running an event for new IRP customers through Nov. 30.
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Industry
Chips&Media unveils data compression IP to cut bandwidth up to 53.5 percent
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Games & Commerce
Paramount+ and HBO Max complete 147.4 trillion won mega-merger, Skydance launches
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Finance
Brokerages ramp up pension platforms as South Korea\'s retirement fund market tops 500 trillion won
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Mobility
U.S. EV charging stations shift toward rest-stop-style experience
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Mobility
Water installs 123 chargers at 23 highway rest areas, including 62 400-kW units
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Industry
LG Electronics unveils modular cooling solution, cutting burden of building AI data centres
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Mobility
Porsche electric Boxster spotted charging at Tesla Supercharger without adapter
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Finance
Shinhan Bank launches same-day ETF trading for retirement pensions
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Autos & Transport
BMW iX3 takes one in three Europe EV orders in first year
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Finance
Hana Bank runs tailored seminar and one-on-one consultations for retirement pension clients
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Mobility
Tesla Cybercab cannot be charged at home, lacking AC charger and relying on Superchargers
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Finance
Hana Bank to sell retail treasury bonds through DC and IRP accounts, launches 10- and 20-year tenors
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Mobility
Europe carmakers seek \'made in Europe\' breakthrough against cheap Chinese EVs
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Finance
Shinhan Bank to sell retail government bonds via DC and IRP, subscriptions start Sept. 9
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AI & Enterprise
LG Uplus launches PMDC alliance to cut AIDC construction time