Shinhan Bank Achieves Milestone with Pension Fund Surpassing 50 Trillion Won
Shinhan Bank has achieved a record-breaking milestone by surpassing 50 trillion won in pension funds, the first such achievement within South Korea’s banking sector. The bank offers a diverse range of 216 exchange-traded funds (ETFs), enhancing its market presence and providing a wide array of choices for retirement fund investors. Furthermore, Shinhan Bank leads in long-term pension fund returns with the highest rates among peers: Defined Contribution (DC) at 4.69%, Individual Retirement Pension (IRP) at 4.47%, and Defined Benefit (DB) at 4.09%.
In a strategic move to solidify these achievements, Shinhan Bank is implementing aggressive marketing strategies to expand its pension fund clientele. The IRP sector, in particular, has shown significant growth, playing a pivotal role in the expansion of the ETF product lineup. This has positively influenced the long-term investment returns of its customers, with the DC, IRP, and DB types all achieving peak return rates.
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Shinhan Bank surpasses 50 trillion won in retirement pensions... First among domestic banksShinhan Bank surpasses 50 trillion won in retirement pensions... First among domestic banks, with over 200 ETFs as key contributors