Shinhan Bank announced on the 22nd that its Individual Retirement Pension (IRP) fund reached 18.2763 trillion won as of the third quarter of 2025, ranking first in the industry. The fund, which was at the level of 5.2 trillion won in 2020, has increased by more than 13 trillion won in just five years.
Notably, the balance of retirement pension Exchange-Traded Funds (ETFs) has grown over twofold, exceeding 2 trillion won in August this year from 830 billion won at the end of 2024. Shinhan Bank is the only bank to increase its ETF balance by over 1 trillion won during this period.
Shinhan Bank currently boasts the largest number of ETF offerings in the banking sector, with a total of 216 types. The bank has also enhanced the accessibility and convenience of ETF transactions through the redesign of its ‘SOL My Retirement Pension’ service.
To thank customers for supporting its IRP growth, Shinhan Bank will hold the ‘IRP Thank You Festival’ event from the 22nd of this month until the 30th of the next. During the event, 3,500 customers who deposit into their IRP accounts will be selected through a draw to receive department store gift certificates, coffee gift vouchers, or MyShinhan Points. Furthermore, 1,000 of these customers will have the opportunity to win additional MyShinhan Points through a roulette event.
Since August 15th, Shinhan Bank has been waiving management and asset management fees for customers who open an IRP account through online channels and deposit retirement funds of over 100 million won. Starting next month, the bank plans to expand the fee waiver to include customers with deposits of over 50 million won.