Kakao Pay Securities said on the 19th that the number of retirement pension savings accounts surpassed 500,000, while individual savings accounts (ISA) exceeded 300,000.
The retirement pension savings account reached 500,000 as of the 4th after its launch in Nov. 2024. According to Kakao Pay Securities, after the account surpassed 300,000, more than 1,000 new accounts were opened per day on average.
Looking at the subscriber makeup, demand for asset building was high among people in their 30s and 40s. Those in their 40s were the largest group at 33.72%, followed by those in their 30s at 25.75%, those in their 50s at 22.72%, those in their 20s and younger at 11.72%, and those 60 and older at 6.06%. The average age of all subscribers was 43.
The average age at first sign-up for subscribers in their 20s and 30s was 25.05 and 33.97, respectively. The company said it believes generations familiar with mobile environments are starting to prepare for retirement relatively early.
On average, each retirement pension savings account held 1.2 investment products, and the most common holdings were exchange-traded funds (ETF) tracking major domestic and overseas indexes such as Standard & Poor's (S&P) 500, Nasdaq 100, and KOSPI 200, as well as ETFs related to semiconductors and high-dividend stocks.
Among retirement pension savings subscribers, about 120,000 users also opened an ISA account, accounting for 24% of the total.
Kakao Pay Securities analyzed that mobile-centered pension management features contributed to account growth. Users can transfer pensions from other financial institutions to Kakao Pay Securities via mobile, or move funds from a matured ISA to a retirement pension savings account.
Shin Ho-cheol, CEO of Kakao Pay Securities, said, "As we are seeing a trend where a transaction that begins with one product expands to another, we will develop our platform so people can complete asset building across their life cycle on mobile."