Hana Bank signed a business agreement with Korea University Medical Center on March 3 to help spread a culture of legacy donations. Kim Jin-woo (김진우), executive vice president of Hana Bank’s Wealth Management Group (left), poses for a photo with Yoon Eul-sik (윤을식), head of Korea University Medical Center (right), at the signing ceremony held at Korea University Mediscience Park. [Photo: Hana Bank]

Hana Bank said on Tuesday it signed a business agreement with Korea University Medical Center on Monday to help spread a culture of legacy donations.

Under the agreement, Hana Bank plans initiatives for the medical center’s staff and patients including legacy donation planning using testamentary substitute trusts, asset management solutions to prepare for reduced decision-making capacity, funds management services for medical and caregiving purposes, and holding testamentary substitute trust seminars for medical staff and patients.

Hana Bank also plans to cooperate by offering tailored consultation services based on testamentary substitute trusts, linked with Korea University Medical Center, to customers who want to make legacy donations to medical institutions through the bank’s nationwide branches.

Kim Jin-woo (김진우), executive vice president of Hana Bank’s Wealth Management Group, said testamentary substitute trusts are a financial tool that completes customers’ noble intent to donate in an institutional way. He said Hana Bank will continue to expand the foundation for carrying out legacy donations to broaden the creation of the social value of sharing.

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#Hana Bank #Korea University Medical Center #testamentary substitute trust #Korea University Mediscience Park
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