A comparison disclosure system will be built that allows investors to compare the returns and fee rates of exchange-traded funds (ETFs). The aim is to provide accurate information that investors can use to inform their decisions.
The Financial Supervisory Service released on the 25th a plan to improve the financial product comparison disclosure system with this content.
The Financial Supervisory Service (FSS) operates financial product comparison disclosure systems with seven financial industry associations, including the Korea Financial Investment Association and the Korea Federation of Banks, so that key information on financial products can be compared easily. Representative examples include Financial Products at a Glance, which provides interest rates and transaction terms for deposit, savings, and loan products, and the Integrated Pension Portal, which discloses returns and fee rates for pension savings and retirement pension products.
However, although ETFs can be invested in through pension savings accounts, related information has not been provided on the Integrated Pension Portal. With this improvement, it is expected that returns and fee rates for ETFs will be available on the Integrated Pension Portal.
In addition, the National Credit Union Federation of Korea will subdivide the sales region search, which previously went only as far as metropolitan city and provincial levels, down to city, county, and district levels. The General Insurance Association of Korea will also expand the relevant menu to make it easier to search for and compare insurance products for older adults.