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Toss Securities launches pension savings account

Toss Securities will launch a pension savings account as its first tax-saving product, it said on Thursday. Users can contribute up to 18 million won a year, with tax deductions available for up to 6 million won. Combined with an individual retirement pension plan, deductions can reach 9 million won. The deduction rate varies by income. Korean residents aged 19 and older can open the account, including those with existing pension savings accounts elsewhere.