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Finance

Shinhan Bank says it ranks No. 1 in financial sector for retirement pension assets

Shinhan Bank said on Tuesday it ranked first across South Korea’s financial sector in retirement pension assets, recording 54.7 trillion won based on disclosures on the Financial Supervisory Service’s integrated pension portal. It attributed the result to balanced growth across defined benefit, defined contribution and individual retirement pension products, supported by long-term returns. The bank said it is expanding performance-linked offerings, including ETFs and TDFs, and is running an event for DC and IRP customers.

Finance

NH NongHyup Financial prepares for fund-type retirement pensions with bank, securities and asset management team

NH NongHyup Financial Group said on Thursday it has built a groupwide infrastructure spanning banking, securities and asset management to prepare for the introduction of a fund-type retirement pension system. It aims to combine subsidiaries’ competitiveness with investment expertise and tailored asset management capabilities. NongHyup Bank ranked first among five major banks in fourth-quarter returns on principal non-guaranteed products. NH Investment & Securities and NH-Amundi Asset Management cited results and evaluation rankings.

Crypto

Robert Kiyosaki says 1974 shock now emerges, hold gold, silver and bitcoin

Robert Kiyosaki warned that deepening inflation and instability in pension systems are emerging from structural changes that began in 1974. He cited the shift to the petrodollar system and the move from lifetime pensions to defined-contribution plans such as 401(k) and IRA. He also raised concerns about pressure on social security and Medicare, and urged people to hold gold, silver and bitcoin and improve financial education.