Search results for asset succession
Finance
KB Kookmin Bank teams up with Kim & Chang on inheritance finance services
KB Kookmin Bank is strengthening its comprehensive asset succession services by partnering with Kim & Chang. The bank said it signed a memorandum of understanding on mutual cooperation in inheritance finance business with the law firm on Aug. 14. The two sides agreed to cooperate on legal advice to prevent inheritance disputes and on education and seminars related to inheritance tax law. The bank plans to expand services to consultations for clients with overseas assets and to legal advice in non-financial areas.
Finance
Hana Bank teams up with Korea Association of Certified Tax Accountants to promote testamentary trusts and guardian system
Hana Bank will expand wealth management services linking testamentary trusts with the guardian system through a partnership with the Korea Association of Certified Tax Accountants. The bank said it signed a business agreement on Aug. 13 at its Euljiro headquarters to promote the use of testamentary trusts and the guardian system. Hana Bank will provide education, tailored consulting and counselling on trust-related financial services for association members.
Finance
National Participation Growth Fund sells out as financial sector steps up payment ecosystem expansion
South Korea\'s National Participation Growth Fund effectively sold out on its first day of sales, with more than 87 percent of supply taken up and some online allotments closing in 10 minutes. Financial authorities are reviewing options to bring forward next year\'s supply or add more, with additional sales in the second half also discussed. Markets also saw spillover effects, while financial institutions and fintech firms moved to expand payment ecosystems and data-driven services.
