Shinhan Investment said the number of new individual retirement pension accounts rose more than 135 percent in November from a year earlier.
It said customers with balances of at least 100 million won increased 40 percent. It said the stock market improved recently, supporting subscriber returns, and funds seeking to maximise tax credits concentrated in IRP accounts.
A Shinhan Investment official said its IRP creates a virtuous cycle as strong returns, diverse investment content and expert advisory services reinforce each other. The official said year-end demand for IRP money moves is expected to grow, and the firm is offering pension tax classes and various events to meet customer needs.
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Sangyeop Oh
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