KB Kookmin Bank and Ajou University Join Hands to Promote Donation Trust Culture

[Asia Economy Reporter Bu Aeri] KB Kookmin Bank announced on the 30th that it has signed a Memorandum of Understanding (MOU) with Ajou University to promote the culture of donation using bank trusts.

KB Kookmin Bank plans to ▲ provide transparent donation trust products to donors and schools ▲ manage trust assets and offer financial services.

The two institutions will establish and strengthen a close cooperative system to play a public role in revitalizing the culture of legacy donations such as real estate and money through donation trusts.

KB Kookmin Bank’s ‘KB Great Legacy Donation Trust’ is a trust where donors entrust real estate, money, and other trust assets to the bank, manage the trust assets during their lifetime, and donate the assets to public interest corporations such as schools and hospitals after death.

A KB Kookmin Bank official said, "Through this agreement, we expect to contribute to the spread of donation culture in our society by shifting the donation paradigm to include both money and real estate," adding, "We will continue to provide financial solutions that can contribute to the formation of a mature inheritance culture and practice ‘finance that changes the world.’"