Woori Bank launches TDF investment promotion

Woori Bank has announced a promotional event titled ‘Grow and Roll TDF’ to encourage long-term retirement asset management. Running from October 19 to December 31, the campaign targets customers with Defined Contribution (DC) and Individual Retirement Pension (IRP) accounts.

Participants who make a net purchase of at least 1 million KRW in Target Date Funds (TDF) from eight designated asset management companies—including Woori Asset Management, KB, Mirae Asset, Samsung, Shinhan, Kiwoom, Korea Investment, and Hanwha—will be eligible. The first 2,500 customers to meet the requirements and complete the application will receive a BBQ chicken gifticon.

TDFs are lifecycle funds that automatically adjust the proportion of assets, such as stocks and bonds, based on the investor's expected retirement date. As retirement approaches, the funds typically reduce exposure to risky assets and increase holdings in stable assets like bonds.