Shinhan Bank announced on the 21st that it signed a business agreement for 'Cooperation in Utilizing Trusts for Legacy Donations' with the international relief and development NGO World Vision at the World Vision headquarters in Yeongdeungpo-gu, Seoul.
Kang Dae-o, Vice President of Shinhan Bank Asset Management Solutions Group, and Na Yun-cheol, Head of World Vision Sharing Business Division, are signing a business agreement for 'Cooperation on Trust-based Legacy Donations' at the World Vision headquarters in Yeongdeungpo-gu, Seoul on the 20th. Provided by Shinhan Bank.
Through this business agreement, both parties agreed to mutually cooperate in ▲ proposing and launching new trust products ▲ providing legacy donation consulting ▲ exploring ways to realize welfare and promote public interest.
Going forward, donors who wish to make legacy donations to World Vision can donate assets using the 'Shinhan Substitute Will Trust.' Donors can use trust assets such as real estate and money as living expenses during their lifetime, and after their passing, donate the remaining assets to World Vision, thereby achieving both asset management and donation purposes simultaneously.
A Shinhan Bank official stated, "We will continue to expand business agreements with various donation organizations and devote ourselves to spreading a donation culture that adds meaning to the valuable assets customers have built throughout their lives."
A World Vision representative said, "We plan to use the precious donations raised through the substitute will trust transparently and professionally for domestic and international projects aimed at eradicating poverty worldwide."
Meanwhile, Shinhan Bank provides a one-stop consultation service to offer efficient asset management solutions related to inheritance and gifts in the rapidly aging society, including legacy donations. In June, the bank plans to complete the establishment of a new customer management system.
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