[Sponsored Report] New financial products combat aging society

Home > National > Guest Reports

print dictionary print

[Sponsored Report] New financial products combat aging society

테스트

Provided by Korea Investment & Securities


As society is aging the retirement age is getting lower and real estate prices are going down with low interest rates, more and more local investors are showing an interest in financial asset management.

Reflecting this interest and the changes in society, a new concept of financial products that provide a monthly payment are being launched so people can invest and receive an allowance at the same time.

Japan has experienced an aging society earlier than Korea and these regular paying funds have been popular there since early 2000. In Korea, the monthly paying plan service of Korea Investment & Securities is quite similar and has been popular since 2010.

This monthly paying plan service that was launched in August 2010 at all branches of Korea Investment & Securities and focuses on stability at a time when the equity market is fluctuating and invests mostly in bond funds and mixed funds.

At an appointed date, the client can receive a certain amount of money, which is decided by the customer on a particular cycle. It is a customized investment plan or a new type of asset management service where the clients can utilize the monthly payment in reinvestment or as an allowance. The regular payment is based on the evaluated amount. Larger amounts between the contract amount or the fund amount are paid monthly at 0.7 percent, 2.1 percent quarterly, 4.2 percent half yearly and 8.4 percent annually. If clients invest 100 million won initially and choose a monthly payment service there will be a payment of 700,000 won per month.

Annuity deposits and insurances can receive monthly payments only after a certain period of time once the product is purchased and there is a an age restriction but this service does not have an age limit and clients can start receiving monthly payments from the following month.

More in Guest Reports

Ambassador marks Singapore’s 55th National DayHoliday falls one day after 45th anniversary of relations with Korea

Hyundai E&C’s Daegu complex boasts convenience

[SPONSORED REPORT] Hyundai Mobis strengthens its global R&D network

[SPONSORED REPORT] Posco practices its own motto by giving back

[SPONSORED REPORT] Chong Kun Dang offers solution for parasitic worms

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now