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www.groovekorea.com / October 2014 30 AbOuT ThE WRITER Paul Sharkie is the Foreign Client Relationship Manager for Shinhan Bank’s Foreign Customer Department. Please visit Shinhan Expat Banking on Facebook for more information. The banking information provided in this column is based on Shinhan Bank policies and may not be applicable to all banks in Korea. — Ed. W hen it comes to seeking a pension plan provider, many foreign companies might not immediately consider Korean banks as an alternative or addition to other providers. As the global trend shifts toward DC (defined contribution) plan adoption, however, both employee and employer need to know their options as both parties (especially the former) need to be informed on which investment options would best suit their needs and desired risk exposure. Given their wealth of experience, banks are the leading pension service vendors in Korea, with around a 50 percent share of the market. Although Shinhan Bank is the No. 1 pension service provider, other service vendors are also worthy of consideration. In choosing the right vendor for you and your company, you will want to consider investment options, investment support and service to employers. ThE mONEy COLumN Edited by Matthew Lamers (mattlamers@groovekorea.com) INSIghT Column by Paul Sharkie / Illustration by Craig Stuart PAyiNg iN TO PENSiON Why KNOWiNg yOuR iNVESTMENT OPTiONS MATTER S