Samjong KPMG-Shinhan Bank Sign Business Agreement to Support Overseas Investment Companies
[Asia Economy Reporter Minji Lee] Samjong KPMG (Chairman Kim Gyotae) and Shinhan Bank (President Jin Okdong) announced on the 22nd that they signed a business agreement on the 21st at Samjong KPMG headquarters in Yeoksam-dong to support services aimed at strengthening the competitiveness of foreign direct investment (FDI) and overseas direct investment (ODI) companies.
According to the agreement, Samjong KPMG and Shinhan Bank will mutually cooperate on ▲ attracting FDI and ODI companies ▲ supporting financial, accounting, tax, and consulting services ▲ discovering cross-border mergers and acquisitions (M&A) investment opportunities ▲ supporting domestic and overseas investments utilizing global networks.
Samjong KPMG provides audit, tax, financial advisory, and consulting services through a global network consisting of 219,000 professionals in 147 countries. Shinhan Bank established an overseas investment marketing team this year, dedicated to outbound investment marketing related to domestic companies’ overseas expansion. Utilizing a global network spanning 153 entities in 20 countries, it supports services such as ODI reporting required from the overseas expansion and establishment stages to local business operations and liquidation stages.
Gu Seunghoe, Head of Financial Advisory at Samjong KPMG, stated, “Due to international issues such as the spread of COVID-19 and the intensification of the US-China trade dispute, there is a movement to relocate production bases or seek various investment destinations. Based on meticulous analytical capabilities of global markets and specialized industries, we will collaborate with Shinhan Bank to create and support domestic and overseas investment opportunities.”
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Choi Dongwook, Vice President of Shinhan Bank’s Large Corporate Foreign Exchange Group, said, “We expect this to be a great opportunity to provide comprehensive solutions to companies wishing to expand overseas and to activate foreign investment attraction.”
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