Samsung Life Insurance announced on the 5th that it will join hands with the real estate asset management specialist S&I Corporation (hereinafter S&I) to strengthen real estate asset management services for its customers.
Huh Jungmoo, Head of Channel Marketing Team at Samsung Life Insurance (right), and Son Hyungjun, Head of Business at S and I, are posing for a commemorative photo after signing a business agreement for real estate trust asset management. Photo by Samsung Life Insurance
Samsung Life Insurance stated that it signed a "business agreement (MOU) on real estate trust asset management" with S&I the previous day at its headquarters in Seocho-gu. S&I is a proptech-based, comprehensive real estate management company with experience managing more than 500 large-scale buildings, over 21,000 stores, and large performance halls and broadcasting facilities. Recently, it has been expanding its business scope to include small and medium-sized buildings, focusing on space solutions.
The agreement ceremony was attended by Huh Jungmoo, Channel Marketing Team Manager at Samsung Life Insurance, and Son Hyungjun, Head of Business at S&I, among others, and the two companies pledged mutual cooperation in the fields of inheritance and gifting, including real estate trusts. Based on customers' real estate assets, Samsung Life Insurance will establish optimized inheritance and gifting solutions, and S&I plans to support various related work such as valuation and management of the relevant real estate.
An official at Samsung Life Insurance said, "The asset value and customer interest in real estate continue to rise," adding, "Taking this business agreement as an opportunity, we will strive to enable our customers to experience more professional and systematic real estate asset management solutions."
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