Search results for pension savings account
Finance
Platform brokers step up push into 700 trillion won pension market
Toss Securities, KakaoPay Securities and Kiwoom Securities are stepping up efforts to win pension clients as they seek to reduce reliance on brokerage earnings tied to stock trading volume. Total assets in retirement pensions and pension savings reached 699.6 trillion won at end-2025, with pension savings funds rising sharply. Toss has launched a pension savings account, KakaoPay has built scale in pension savings and ISAs, and Kiwoom has entered retirement pensions with fee waivers and mobile ETF trading.
Finance
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.
Finance
Interest in children\'s accounts grows, from ETF futures to tax-saving strategies
Rising stock markets and demand for children’s financial education are driving rapid growth in investment accounts opened in minors’ names, with products expanding beyond traditional savings to ETFs, funds, pension savings accounts and gold. Securities firms data show sharp increases in new accounts, while average balances and new-account investment amounts have fallen in some age groups. The article outlines popular ETF options, gift-tax deductions, reporting deadlines, and tax considerations for overseas stocks, ETFs, pension accounts and gold trading accounts.