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Finance

Woori Bank posts 18.4 percent Q3 returns on DC retirement pension products

Woori Bank recorded an 18.4 percent return in the third quarter on non-principal-protected defined contribution retirement pension products, the highest among the top 10 providers by retirement pension assets across banking, securities and insurance, it said. Its individual retirement pension return was 18.3 percent, ranking third. The bank said both DC and IRP rankings rose by one place from the previous quarter.

AI & Enterprise

Four NST government-funded research institutes still recognise only 1 year of parental leave

Four government-funded research institutes under the National Research Council of Science and Technology have not revised internal rules despite an expansion of statutory parental leave, according to lawmaker Hwang Jung-a. The institutes include KIST, the Korea Institute of Geoscience and Mineral Resources, the Korea Institute of Energy Research and the Korea Atomic Energy Research Institute. Some rules still count only 1 year, and KIST retains a clause limiting men’s leave recognition. The institutes said they will amend rules and apply changes retroactively.

Finance

Hana Bank retirement pension assets top 52 trillion won, largest rise among banks this year

Hana Bank\'s retirement pension assets exceeded 52 trillion won as of the end of the third quarter, rising 3.77 trillion won from the end of last year, the largest increase among banks. Growth in individual retirement pension (IRP) and defined contribution (DC) plan balances led the overall increase. Hana Bank said assets totalled 52.16 trillion won at end-September. It is also expanding related services and products and running an event for new IRP customers through Nov. 30.