First Issuance of Retirement Pension-type Personal Investment Government Bonds...System Completed
Direct Investment in 10- and 20-Year Government Bonds through Retirement Pension Accounts
Hong Jang, Deputy Minister of Strategy and Finance, is delivering a congratulatory speech at the "Launch Event of the Individual Retirement Pension Government Bond System and Work System" held on the 27th at the Conrad Hotel in Yeongdeungpo-gu, Seoul. Ministry of Strategy and Finance
View original imageStarting next month, individual investors will be able to directly invest in 10-year and 20-year government bonds for personal investment purposes through their retirement pension accounts.
The Ministry of Finance and Economy announced on the 27th that the business system for retirement pension-type personal investment government bonds has been completed.
Accordingly, from September (subscription period from the 9th to the 15th), ordinary citizens will be able to directly invest in 10-year and 20-year personal investment government bonds through their retirement pension accounts. To invest, individuals must have retirement pension accounts (DC-type or IRP-type) at Shinhan, Hana, or NH Nonghyup Bank, or at Mirae Asset, Samsung, Korea Investment & Securities, KB Securities, or NH Investment & Securities.
The Ministry of Finance and Economy explained that the program was introduced with financial institutions among retirement pension providers that are ready to immediately offer personal investment government bonds, and that it plans to gradually expand to other financial institutions.
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Heo Jang, Second Vice Minister of the Ministry of Finance and Economy, stated at the "Retirement Pension-type Personal Investment Government Bond System Implementation and Business System Opening Ceremony" held at the Conrad Hotel in Yeouido, Seoul on the same day, "As the options available to the public for managing their retirement pensions expand, both the stability and profitability of citizens' retirement assets are expected to improve, while the base of demand for government bonds is also anticipated to widen."
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