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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.

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.

Finance

Brokerages ramp up pension platforms as South Korea\'s retirement fund market tops 500 trillion won

South Korea’s retirement pension market has topped 500 trillion won, prompting brokerages to step up competition in pension platforms. Korea Investment & Securities showcased an upgraded mobile pension service and plans to expand support from contributions to payouts. Data show retirement pension reserves rose to 501.4 trillion won at end-2025, with DC and IRP accounts making up 54.3%. Firms including Kiwoom, KB, Shinhan and NH are also enhancing services.