Lee Yeon-woo is a financial journalist at The Korea Times. Her wide range of reporting includes policies, macroeconomics, stock market, companies and even crypto. She is passionate about connecting the dots in Korean finance and making it easier for foreign nationals to understand. Based on her previous experience as a national reporter, she also has a keen interest in social issues within the sector, including gender equality and ESG. Your tips and insights are always appreciated. You can send them to yanu@koreatimes.co.kr.
Hana Bank opens Global Wealth Management Center in Seoul
Hana Bank Deputy President Kim Young-hun, second from left, poses with Hana Bank officials and attendees at the opening ceremony of the Global Wealth Management Center in southern Seoul, Thursday. Courtesy of Hana Bank
By Lee Yeon-woo
Hana Bank said Friday that it has opened the Global Wealth Management Center in Samseong-dong, southern Seoul, aiming to help clients navigate international markets and build global portfolios.
The first of its kind in Korea, the center aims to provide asset management services covering both domestic and international markets, in line with the accelerating trend of global asset reallocation.
The center is staffed by top-tier professionals, including trust consultants, lawyers, accountants, tax advisors and analysts, who will offer comprehensive consulting on living trusts, real estate, stock markets and alternative investments. Advisory services will also be provided on international taxation, the global real estate market and changing residency to other country.
In particular, for clients who have emigrated overseas, Hana Bank provides customized, locally based wealth management consulting by directly connecting them with local Hana Bank branches and partner institutions for services such as investment immigration and business succession.
For returnee clients who have come back to Korea, the bank offers top-tier wealth management services that incorporate their overseas experience and international business careers, including global portfolio design and foreign exchange risk management.
Hana Bank said it will leverage its 112 global networks across 27 countries to provide these services.
In line with the center's opening, the bank signed multiple strategic agreements, including with Han & Park Law Group, a U.S. law firm specializing in inheritance and gift taxation; Right Tax Service, a U.S.-based tax specialist company; and Koriny, a U.S. real estate platform.
"As the global economic environment evolves rapidly, customers are expanding their investments beyond domestic markets," a Hana Bank official said. "The Global Asset Management Center will serve as a two-way hub, connecting domestic and international markets and delivering optimal wealth management services regardless of a client’s location."