Kiwoom Signs First Corporate Retirement Pension Contract with HK inno.N... "National Slugger" Byungho Park Enrolls in IRP

Kiwoom Securities Begins Retirement Pension Business on June 1

Kiwoom Securities announced on June 11 that it has signed its first corporate retirement pension contract with HK inno.N, marking the official start of its retirement pension business.

According to Kiwoom Securities, CEO Juseong Eom and Dalwon Kwak, CEO of HK inno.N, signed the contract the previous afternoon at Kiwoom Securities' headquarters in Yeouido, Yeongdeungpo-gu, Seoul.

Dalwon Kwak, CEO of HK inno.N (right), is commemorating the signing of the first corporate contract with Juseong Eom, CEO of Kiwoom Securities. Photo by Kiwoom Securities

HK inno.N, which was listed on KOSDAQ in 2021, is engaged in the businesses of specialty pharmaceuticals, health, and beauty. It is a key subsidiary of Kolmar Group, owning products such as "K-CAB," Korea’s 30th new drug for gastroesophageal reflux disease, and the hangover relief brand "Condition."

As a retirement pension provider, Kiwoom Securities will now begin offering pension services to corporate clients in earnest. In particular, the fact that HK inno.N is a listed company with about 1,700 employees is seen as an important milestone for the stable launch of Kiwoom Securities’ retirement pension business.

On the same day, Byungho Park, coach of the Kiwoom Heroes professional baseball team, also enrolled in Kiwoom Securities’ Individual Retirement Pension (IRP). Coach Park is a franchise star of the Kiwoom Heroes and a former national team home run hitter. He began his coaching career in April after retiring as a player. Kiwoom Securities explained that Coach Park’s IRP enrollment serves as a symbolic example of the importance of asset management and retirement investment preparation after retirement.

Kiwoom Heroes coach Byung-ho Park (right) also enrolled in an Individual Retirement Pension (IRP). Kiwoom Securities

Kiwoom Securities has enhanced service accessibility to make it easier and more convenient for retirement pension customers to manage their funds. The company also introduced a variety of specialized retirement pension services, such as the "Pension Crew" community for retirement investment, "Interest & Dividend Investment," which automatically reinvests interest and dividend payments from pension accounts into designated products, and an "Integrated Withdrawal Solution" that considers taxes and health insurance premiums when withdrawing pension funds.

A representative from Kiwoom Securities stated, "With the launch of our retirement pension business and the signing of our first corporate contract, we have taken a significant first step into the pension market. We aim to naturally connect clients’ existing stock investment experiences to retirement investment and establish ourselves as an easy and convenient pension investment platform that supports customers in building long-term assets."

This content was produced with the assistance of AI translation services.