Search results for Public pension
Finance
Japan pension fund weighs boosting alternative investments to 5 percent from 1.7 percent
Japan\'s government is pushing a plan to gradually raise the Government Pension Investment Fund\'s allocation to alternative investments to about 5 percent from 1.7 percent, with the recommendation to be reflected in the next GPIF policy report. The shift could move billions of dollars into private equity, private credit, real estate and infrastructure. The government is also urging bigger domestic investment by public pension funds, amid stronger GDP data and a policy backdrop of higher inflation forecasts and recent rate hikes.
Finance
Shinhan Bank to sell additional 500 billion won of senior-focused time deposit
Shinhan Bank will sell an additional 500 billion won of its senior-focused deposit product for customers aged 50 and above, after earlier sales sold out quickly. The bank said it will start a third special sale of the Shinhan SOL Mate time deposit from June 15. The 12-month product offers a base annual rate of 3.0 percent and up to 3.2 percent with a preferential rate.
Finance
Hana Bank launches non-face-to-face small loans for public pension recipients
Hana Bank has launched a mobile-only small credit loan for customers receiving public pensions, allowing applications and disbursement through its app without visiting a branch. The product targets recipients of four major public pensions and expands an in-person offering to non-face-to-face channels. It carries a fixed annual interest rate of 1.0 percent and provides a single credit limit of 500,000 won for customers who receive public pensions at Hana Bank.
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Finance
KOSPI enters pause as financial sector faces pressure for inclusive finance
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Fintech
Woori Bank expands non-face-to-face changes to public pension payment accounts
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Finance
Shinhan Bank launches second sale of Shinhan SOLmate time deposit
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Crypto
U.S. public pension funds lose nearly 60 percent on Strategy investment
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Finance
Shinhan Bank launches Shinhan SOLMate time deposit for customers aged 50 and over
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Finance
Stablecoin integration accelerates with credit card networks; internet banks target remittances