[Photo: KB Securities]

KB Securities' digital wealth management (WM) assets have surpassed 15 trillion won. The total has risen by about 5 trillion won in six months after topping 10 trillion won in November, a move seen as the result of a shift of funds into investment assets alongside demand for tax-saving and pension products.

KB Securities said on Wednesday that its digital WM assets have surpassed 15 trillion won. It said the broader financial market has seen a "money move" in which funds shift from safe assets such as deposits into investment assets, and that it captured the trend in time to expand its digital WM assets.

Growth was particularly strong in individual savings accounts (ISA) and pension assets. ISAs have drawn strong investor interest as tax-saving products, and demand for pension accounts is expanding because they offer both retirement preparation and tax deductions.

It also said an increase in non-face-to-face inflows by senior wealthy clients seeking to manage retirement funds, and investment demand using tax-saving accounts, drove the rise in digital WM assets. The company also cited "Prime PB," a dedicated organisation for non-face-to-face clients, as one pillar of digital WM growth.

KB Securities Chief Executive Officer Lee Hong-gu (이홍구) said, "These achievements are because we did not stop company-wide efforts to innovate." He said, "We will continue to do our best to provide differentiated services and solutions."

Keyword

#KB Securities #Digital WM #ISA #Prime PB #Lee Hong-gu
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