Mirae Asset's IRP deposits surpasses $7.2 bn in 2024

South Korea's Mirae Asset Securities Co. said on Friday it became the first in the industry to surpass 10 trillion won ($7.2 billion) in individual retirement pension (IRP) deposits.

This achievement follows its earlier milestones: surpassing 10 trillion won in individual pension deposits on March 6 and 10 trillion won in defined contribution (DC) plan deposits on April 1, marking what the company calls a retirement pension triple crown.

The individual pension, DC and IRP plans are all products that subscribers choose individually. In its third-quarter retirement pension report, Mirae Asset noted that IRP and DC deposits increased by 4 trillion won ($28.8 billion) in 2024 (January–September), recording the highest growth across all sectors.

Mirae Asset also achieved excellent performance in returns. Its third-quarter retirement pension deposit and return announcements showed top-tier performance in both DC and IRP plans.

Write to Eun-Hyuk Ryu at ehryu@hankyung.com