Search results for gift tax
Finance
Hana Bank launches tailored trust for gifts to grandchildren and children
Hana Bank has launched a long-term asset management trust product aimed at seniors planning lifetime gifts to their grandchildren or children. The product allows a trustee manager such as a grandparent to be designated and restricts withdrawals or termination without that manager’s approval. The bank said the structure can help ensure assets are used for purposes set by the donor, such as tuition or wedding funds, and can be invested through a trust account.
Finance
Interest in children\'s accounts grows, from ETF futures to tax-saving strategies
Rising stock markets and demand for children’s financial education are driving rapid growth in investment accounts opened in minors’ names, with products expanding beyond traditional savings to ETFs, funds, pension savings accounts and gold. Securities firms data show sharp increases in new accounts, while average balances and new-account investment amounts have fallen in some age groups. The article outlines popular ETF options, gift-tax deductions, reporting deadlines, and tax considerations for overseas stocks, ETFs, pension accounts and gold trading accounts.
Finance
NH Investment & Securities high-net-worth clients with over 3 billion won top 6,000
NH Investment & Securities said on Tuesday the number of its high-net-worth clients with at least 3 billion won in assets has surpassed 6,000. As of Jan. 14, the total stood at 6,323, up 51 percent from the end of 2024. The company also said the wealth management division’s total assets rose by about 20 trillion won from a year earlier. Its family office service covered 229 families.