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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.

Finance

Shinhan Financial to write off 500 billion won in delinquent debt, expand inclusive finance to 4.5 trillion won

Shinhan Financial Group plans an inclusive finance project worth 5 trillion won, including the write-off of 500 billion won in long-term delinquent debt to support vulnerable borrowers\' recovery. It will also expand inclusive financing for low-income people and small businesses to 4.5 trillion won by bringing forward next year\'s plan. Shinhan will restrict extensions of statutes of limitation on debt and broaden products and credit assessment models to support mid-to-low credit borrowers.

Finance

Shinhan Bank expands green energy cooperation with Shinhan Asset Management, Hyosung Heavy Industries

Shinhan Bank will expand cooperation with Shinhan Asset Management and Hyosung Heavy Industries on global renewable energy projects. The bank said it signed a business agreement on May 8 at TP Tower in Seoul’s Yeouido district to strengthen competitiveness in global energy infrastructure. The partners plan to broaden collaboration in overseas energy infrastructure based on experience managing the Shinhan-Hyosung Global Greenway Fund. Shinhan Bank plans to provide project finance arranging, foreign-currency payment guarantees and derivatives.