[Asia Economy Reporter Bu Aeri] Hana Bank announced on the 20th that it has signed a Memorandum of Understanding (MOU) with Ewha Womans University to promote the culture of legacy donation.
Legacy donation refers to donating all or part of one's estate after death to a third party such as a public interest organization. Recently, interest in legacy donation has increased as the senior population grows.
The two institutions plan to collaborate on various initiatives to not only spread the culture of donation but also to revitalize legacy donation, which is gaining social attention and necessity as society enters an ultra-aged era.
Hana Bank provides professional financial solutions to those who wish to donate their assets for public benefit. In addition to trust-based asset management services, legal, tax, real estate experts, and financial consultants from the specialized inheritance planning organization 'Living Trust Center' design and recommend customized donation trust products such as will substitutes, and will proceed with developing exclusive trust products for Ewha Womans University in the future.
Ewha Womans University has also launched a 'Legacy Donation Advisory Committee' composed of internal and external experts and has begun systematic preparations to spread the culture of legacy donation, including establishing a 'Legacy Donation Counseling and Notarization Center.'
Park Sung-ho, CEO of Hana Bank, said, "Going forward, Hana Bank will continue to create social value and practice sincere ESG (Environmental, Social, and Governance) management in line with the group mission of 'realizing finance that grows together and shares happiness.'"
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