Samsung Asset Management listed the KODEX Korea TDF 2065 Active Qualified ETF on the 25th, its first target-date fund (TDF) exchange-traded fund focused solely on South Korean stocks and bonds. Targeting retirement in 2065, the fund automatically shifts from risk assets toward safer holdings over an investor’s life cycle. Regulatory changes in April allow products holding only South Korean assets to qualify as eligible TDFs and avoid the 70% risky-asset limit for retirement pensions, enabling allocations of up to 100% in defined-contribution (DC) and individual retirement pension (IRP) accounts. The fund currently holds about 80% in South Korean equities, with its safe-asset allocation set to rise to 64% by 2065 and a maximum of 80% after retirement. Its equity portfolio combines core holdings tracking the KOSPI and KOSPI 200 with satellite exposure to sectors including semiconductors, artificial intelligence (AI) power infrastructure, secondary batteries, defense and shipbuilding. A Smart Trend Strategy adjusts stock and bond exposure according to market conditions, while duration management for bonds is aligned with economic cycles to seek excess returns against the FnGuide Korea TDF 2065 Index. The all-won-denominated portfolio eliminates currency risk, and domestic stock trading gains in regular brokerage accounts are tax-exempt, providing an advantage over ETFs holding overseas assets. Samsung Asset Management portfolio manager Hwang Hee-young said the fund offers a 100% South Korean-asset option in a TDF market centered on global allocation and aims to become a flagship pension product linked to the domestic capital market.