By Yi Whan-woo
Kim Young-hun, the head of Hana Bank's asset management business, says he is committed to using art as a banking tool for joint prosperity.
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| Kim Young-hun, head of Hana Bank's Asset Management Group / Courtesy of Hana Bank |
The services are mainly divided into four areas: offering up-to-date information on artworks for investment through seminars and art gallery tours, assessing the value of artworks and also offering advice on sales and purchases of artworks in partnership with galleries, storing and managing private artworks owned by clients, and selling such artworks on behalf of clients as a trustee.
"I hope to make Hana Art Bank a tool that creates values for various interest groups in society," Kim told The Korea Times in a recent email interview.
He accordingly said Hana Bank has been partnering with galleries to introduce the works of young and talented as well as seasoned painters to its VIP clients.
The company has been sponsoring those artists to hold exhibitions at its Club 1 wealth management centers, which was originally tasked with providing services in private banking, tax payments, real estate, trust and other specialized investment areas for wealthy customers.
He noted that the trust service was launched most recently and that it will take time for it to grow large enough to account for a significant portion of the bank's asset management portfolios.
"And for the time being, we'll focus on helping our clients to build networks with art experts through our trust service," he said. "The trust service hopefully will grow fast."
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