Category: Investment
-
Comparison of Pension Savings Fund 9 million KRW vs Pension Savings Fund 6m + IRP 3m KRW
As you know, in the IRP account, you need to invest 30% in safe assets, but it’s filled with securities that don’t match the market’s returns. I simulated what would happen if I invested all 9 million KRW in the pension fund account instead of the IRP account. Not investing in the IRP account means…
-
Direct Investment in the US vs Domestic-listed Overseas ETF – Regular Account vs Pension Savings Account Investment and Comprehensive Income Tax in Korea
Although we have already determined the investment stocks/ETF in the previous post, we now need to decide in which account to invest. There are three main account options, each with its own characteristics as shown in the following table. Domestic-listed Overseas ETF with Pension Saving Account Domestic-listed Overseas ETF – Regular Account Direct Investment…
-
Investment Plan for Pension Savings Account and IRP Safe Asset 30% Option in Korea (feat. S&P 500)
Currently, the investment plan and amounts for each account (1 year) are as follows: Account KODEX S&P500TR (379800 ) KODEX NASDAQ 100TR (379810) KODEX TDF2050 Active (434060) Total (Unit : KRW) Pension Saving Fund 7.5M (50%) 7.5M (50%) – 15M(100%) IRP 2.1M (70%) – 0.9M (30%) 3M (100%) ISA 10M (50%) 10M (50%) – 20M…
-
Detailed Analysis of Investment Amount and Tax Deductions for Each Pension Savings Account
After various trials and errors, I have structured my retirement preparation accounts as follows: No. Account Contribution Amount (=Maximum Annual Contribution) 1 Pension Saving Fund account 15M KRW 2 Individual Retirement Plan (IRP) 3M KRW 3 ISA (Individual Saving Account) 20M KRW Total 38M KRW * All account is made at the securities company As…
-
Introduction
This blog is aimed at foreign residents living in South Korea (of course, Koreans are also welcome). Specifically, it aims to provide assistance to individuals who plan to reside in Korea for the medium to long term while engaging in economic activities. The blog will introduce the individual pension policies and investment options available in…
-
Exploring Individual Pension Plan Options in Korea: Pension Fund, IRP, and ISA Accounts
As mentioned earlier, I personally consider the National Pension and Employee Retirement Pension as extra bonuses, and I find it more comfortable to think you only have a personal pension system. First, let’s look at the types of pension accounts in South Korea, as shown in the table below. Additionally, there is an “ISA (Individual…
-
Three Tier/Layer Pension Plan in Korea
The name might sound all fancy and grand, but truth be told, it’s nothing to get excited about if you actually know what it’s all about. Once you dig deeper, you’ll realize it’s nothing special at all, but it took me a whopping 3 to 4 years to grasp the ins and outs of the…
-
My Journey in Investment
As I began studying business, particularly finance and investment, during my university years from 2005 to 2011, I developed a keen interest in these subjects. I even obtained relevant certifications. However, ironically, I found myself distant from actual investment. The reason behind this was my observation of my mother’s stock trading activities, which made me…