Mirae Asset's IRP deposits surpasses $7.2 bn in 2024

The first S.Korean securities firm to have individual pension, DC, IRP deposits all exceeding $7.2 bn

Mirae Asset's IRP deposits surpasses .2 bn in 2024
Eun-Hyuk Ryu 1
2024-10-25 16:49:30 ehryu@hankyung.com
Banking & Finance

South Korea's Mirae Asset Securities Co. said on Friday it became the first in the industry to surpass 10 trillion won ($7.2 billion) in individual retirement pension (IRP) deposits.

This achievement follows its earlier milestones: surpassing 10 trillion won in individual pension deposits on March 6 and 10 trillion won in defined contribution (DC) plan deposits on April 1, marking what the company calls a retirement pension triple crown.

The individual pension, DC and IRP plans are all products that subscribers choose individually. In its third-quarter retirement pension report, Mirae Asset noted that IRP and DC deposits increased by 4 trillion won ($28.8 billion) in 2024 (January–September), recording the highest growth across all sectors.

Mirae Asset also achieved excellent performance in returns. Its third-quarter retirement pension deposit and return announcements showed top-tier performance in both DC and IRP plans.

Write to Eun-Hyuk Ryu at ehryu@hankyung.com

Mirae Asset's retirement pension reserves rise by $2.9 bn in 2024

Mirae Asset's retirement pension reserves rise by $2.9 bn in 2024

South Korea's Mirae Asset Securities Co. said on Tuesday that its defined contribution (DC) retirement pension and individual retirement pension (IRP) reserves have increased by 4 trillion won ($2.9 billion) this year, marking the largest growth in the industry for three consecutive quarters.A

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