Shinhan Bank said on Monday it will provide a “Shinhan SOL Mate Healthcare Service” for pension recipients in cooperation with healthcare company GC Care starting March 31. The service targets customers who, from March 2026, first receive public pensions or an individual retirement pension (IRP) into a Shinhan Bank account. Benefits include university hospital appointment bookings, health check-up reservation support and preferential services, and nurse accompaniment and vehicle escort for patients with severe diseases.

Dementia-focused trusts are emerging as a new battleground for South Korean banks as they compete to secure the so-called dementia money market. A government committee estimates dementia-related assets at 172 trillion won last year, rising to 220 trillion won by 2030 and 351 trillion won by 2040. Banks are launching pre-designed trust products, setting up dedicated organisations and expanding counselling platforms to prevent asset freezes, fraudulent withdrawals and family disputes.