Retirement Pension Product

From our diverse product portfolios geared toward stability and profitability, we offer optimal plans for retirement pension assets diversification and investment.

Outline of Happy Life Time Deposits

Outline The product that provides a fixed interest rate along with the guarantee of the principal for RPP subscriber companies.
Additional deposit Every additional deposit will create a new time deposit account, and the noticed interest rate at the time will be applied.
Subscribers RPP subscriber companies and employees
Payment method With the arrival of maturity, the interest will be paid, and the duration will be automatically extended.
Subscribed amount KRW 1 or above
Subscription duration 1 year, 2 years and 3 years
Protection under the Depositor Protection Act Pursuant to the Depositor Protection Act, up to KRW 50 million (per person) including these deposits and the principal of your other protected products deposits and interests with this bank will be protected by KDIC. However, the deposits
under the defined benefit system will be excluded from such protection.
Divided cancellation Per subscriber, up to three divided payments including the maturity payment is allowed

Applicable interest rates

Category Applicable Interest Rates Remarks
Retirement (paying benefits)
  • The contracted interest rate at the opening or re-deposit date (A favorable interest rate, if any, will be applied)
  • For switching, the contracted interest rate is “-1%” at the opening or re-deposit date (however, for switching between time deposits, the early cancellation interest rate on general time deposits will be applied)
Applicable interest rates are based on
yearly interest rates, and interests are
paid in line with the actual investment
duration.
Early withdrawal
System abolishment(special)
Benefits transfer(our bank)
Swap of assets(switching)
Paying fees for investment/asset management
System abolishment(general)
  • The early cancellation interest rate on general time deposits applies.
Agreement transfer(other bank)
Benefits transfer(other bank)

Applicable Interest Rates

Period Current interest rate (%)
October 23, 2021
1 year 1.32
2 years 1.49
3 years 1.7
  • Pursuant to the Depositor Protection Act, up to KRW 50 million (per person) including these deposits and the principal of your other protected products deposits and interests with this bank will be protected by KDIC. However, the deposits under the defined benefit system will be excluded from such protection.
Attachment : Download clause

For your information!

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  • Early withdrawal
    • When a subscriber without a home purchases a house
    • When a subscriber or his/her family member requires over 6 months of medical treatment.
    • Where there are reasons such as natural disasters/wars, and other requirements defined under the Labor Ministry
  • Ordinances. System abolishment(special)
    • When the company is merged into another or the business is assigned to a third party, if the employer requests cancellation with the agreement of employees’ representatives.
    • When cancellation is unavoidable due to a change to the relevant laws.
    • The trustee’s resignation
  • System abolishment(general)
    • When the employer abolishes/discontinues the RPP with the agreement of beneficiaries,
    • When the reporting of rules is annulled or cancelled

Foreign Exchange Rate

2021/10/22 18:00:30
통화 환율 정보
Currency Buy Sell
USD 1,195.56 1,154.44
JPY 1,049.28 1,013.20
EUR 1,394.64 1,340.76

Woori Call Center

  • 1599-2288 (Dedicated Foreigner Call Center) -> 1(English), 2(Chinese), 3(Vietnamese), 4(Uzbek), 5(Russia), 6(Tai), 7(Mongolian), 8(Japanese), 9(Cambodian, Indonesian, Tagalog)
  • 1588-5000, 1599-5000 (Domestic)
  • 82-2-2006-5000 (International)
  • Business hours : 09:00 ~ 18:00, Mon-Fri