Woori Investment & Securities expanded its system to allow transaction of exchange-traded funds (ETFs) in individual retirement pension (IRP) accounts and officially launched the service through its mobile trading system (MTS) 'Woori WON MTS' on June 2. This allows customers to freely combine deposits, funds, and ETFs within their IRP accounts for asset allocation management.
Woori Investment & Securities waives all asset management fees and operation management fees for its IRP accounts and does not charge any separate fees for ETF transactions. Additionally, under the 'transfer of retirement pension assets' system, customers who transfer ETFs held at other financial institutions can operate their existing ETFs as they are.
According to the Financial Supervisory Service, as of the first quarter of this year, Woori Investment & Securities' IRP principal non-guaranteed yield was 5.28%, ranking first among securities firms selling retirement pensions. It achieved the top yield in 4 out of the last 5 quarters and achieved an annualized yield of over 5% for 8 consecutive quarters.
A Woori Investment & Securities official noted, "With the support of this ETF transaction, the investment flexibility and asset management efficiency of IRP accounts have been significantly enhanced," and added, "We plan to further advance the platform to provide practical assistance for customers' long-term asset accumulation."