Kim Yong-dae (김용대), head of Kim & Chang's Family Inheritance & Corporate Succession Center (left), and KB Kookmin Bank WM Promotion Division Executive Director Yoon-seok Lee (이윤석) pose for a photo at a memorandum of understanding signing ceremony held on Aug. 14 at KB Kookmin Bank's new headquarters building. [Photo: KB Kookmin Bank]

[DigitalToday reporter Ji-young Lee] KB Kookmin Bank is joining hands with Kim & Chang to strengthen comprehensive asset succession services that link wealth management with inheritance and gift planning and legal advice.

KB Kookmin Bank said on Aug. 18 it signed a memorandum of understanding on mutual cooperation in inheritance finance business with Kim & Chang on Aug. 14.

The two sides agreed under the pact to cooperate on legal advice for comprehensive asset succession aimed at preventing inheritance disputes, as well as on education and seminars related to inheritance tax law.

The bank plans to expand the scope of services to include inheritance consultations for clients holding overseas assets and legal advice in non-financial areas.

A KB Kookmin Bank official said, "We have become able to provide more systematic inheritance solutions." The official added, "We will strengthen comprehensive asset succession services that run from wealth management to inheritance and gift planning and legal advice."

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#KB Kookmin Bank #Kim & Chang #inheritance #inheritance tax law #asset succession
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