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Retirement Fund Transfer - Easy Application Procedure Guide

  • Written Language: Korean
  • Country: All Countriescountry-flag
  • Economy

Created: 2024-11-11

Created: 2024-11-11 10:42

Existing severance pension subscribers can now move their accounts to different financial institutions without canceling their plans. Under this system, implemented on October 31, 2024, you can transfer your investments (stocks or funds) without liquidating them, to a financial institution offering better returns, and without incurring early termination fees. While fees may vary among financial institutions, careful consideration is necessary. Banks, securities firms, and insurance companies are offering various interest rates and benefits to attract customers. Customers can choose from safe to high-risk products, but transfers are only possible within the same account type.


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