SEOUL, June 9 (Korea Bizwire) — Corporate retirement pension funds grew nearly 13 percent from a year earlier in 2024, breaching the 400 trillion-won mark for the first time since their introduction in 2005, while their return on investment declined, data showed Monday. The total amount of corporate retirement pension funds under management came to [...]
SEJONG, Dec. 23 (Korea Bizwire) — Corporate retirement pension funds under management expanded more than 16 percent in 2020 from a year earlier as the system has taken root here, government data showed Thursday. Cumulative corporate retirement pension funds stood at 255 trillion won (US$214 billion) as of end-December last year, up 16.1 percent from [...]
SEOUL, Nov. 11 (Korea Bizwire) — As retirement pension funds shift their focus from savings to investment, products such as target date funds (TDFs) and exchange traded funds (ETFs) are growing at a blistering pace. The reserves for defined contribution (DC)-type retirement pension and individual retirement pension (IRP) products totaled 63 trillion won (US$53.1 billion) [...]