Kiwoom Securities, 500trillion-won retirement pension market debut…targeting a market share of 10%

Kiwoom Securities 5month 28 announced the launch of its retirement pension business. The company estimates the size of South Korea’s domestic retirement pension market at 500 trillion won. The launch announcement signaled its intention to enter the market through an online-based platform.

Kiwoom is emphasizing its online, investment-focused pension platform. It said it would set first-year fees at 0 won. It also announced that it would be the first to introduce foreign-currency products into retirement pension offerings.

Kiwoom announced that it would make a full-scale entry into the business next month. The company’s announcement said it aims to achieve a securities-sector market share of 10 within 10%. It also disclosed specific product lineups and marketing plans.

BNK Busan Bank 5 month 28 day, held a seminar for working-level staff at companies that do business in its retirement pension program. The seminar shared labor-related information and asset management strategies. Operational examples and information about the system were provided for participating companies.

Regarding the former head of a solar power company, 1instance sentencing took place. The court found that the amount of the fraudulent loans was 911 hundred million won. The defendant was sentenced to 10 years in prison.

All related news, including this announcement, the seminar and the trial, 5was reported that month. Company disclosures and court rulings are the source materials for the cases. Investors can check company disclosures and upcoming schedules for additional information.