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Hana Bank to sell retail treasury bonds through DC and IRP accounts, launches 10- and 20-year tenors

Hana Bank will begin selling retail treasury bonds that customers can invest in through defined contribution (DC) and individual retirement pension (IRP) accounts. The bank said on Sept. 9 it launched a retirement pension-only retail treasury bond product. Investors can buy 10- and 20-year bonds in 100,000 won units through Hana Bank DC and IRP accounts. Interest is compounded annually and taxation on interest is deferred until withdrawals.