Hana Bank has introduced a service that allows customers to sell exchange-traded funds (ETFs) in retirement pension accounts and reinvest in other ETFs on the same day. Previously, reinvestment was possible only from the next trading day after selling. As reinvestment becomes possible on the same day, portfolio adjustments based on market conditions are expected to speed up.

Hana Bank said on Nov. 12 it will implement its "same-day trading service for retirement pension ETFs" for subscribers to defined contribution (DC) retirement pensions and individual retirement pensions (IRP).

Hana Bank is expanding its retirement pension asset management services by introducing the same-day trading service, following the addition of an ETF portfolio in October to its "Hana MP (Model Portfolio) subscription service" launched in April last year.

Hana Bank expects the service to reduce waiting times for reinvestment, increase the utilisation of investment funds and improve efficiency in managing pension assets.

An official from Hana Bank's retirement pension group said, "We focused on improving practical convenience for ETF trading by reflecting the diverse investment needs of Hana Bank's retirement pension customers." The official added, "We will continue to introduce differentiated financial services and further advance a customer-centred retirement pension asset management system."