Shinhan Bank-Samjong KPMG, Business Agreement to Expand Foreign and Overseas Investment

[Asia Economy Reporter Kim Hyo-jin] Shinhan Bank announced on the 22nd that it signed a business agreement on the 21st with Samjeong KPMG to establish a mutual strategic partnership for attracting and supporting foreign investment and overseas investment companies.

This agreement aims to ▲ attract foreign investment and overseas investment companies and provide financial, accounting, tax, and consulting services ▲ discover overseas mergers and acquisitions (M&A) investment opportunities and mutually introduce clients ▲ support domestic and international investments of companies by utilizing the global networks of both companies.

Shinhan Bank established a separate overseas investment marketing team this year in addition to the existing foreign investment marketing team, and supports overseas investment reporting tasks and financial services for companies expanding overseas by utilizing a global network of 153 entities in 20 countries.

Samjeong KPMG provides audit, tax and financial advisory, and consulting services in connection with a global network of 219,000 professionals in 147 countries, and it is expected that through the experience and infrastructure of both companies, various service support will be possible for clients in the future.

Choi Dong-wook, Head of Shinhan Bank’s Corporate Foreign Exchange Group, said, "If we actively utilize the strengths of both companies, it will be a great opportunity to provide comprehensive solutions to companies wishing to expand overseas and to revitalize foreign investment attraction," adding, "We will continue to promote differentiated financial services for overseas investment companies and foreign investment companies."

Gu Seung-hoe, Head of Samjeong KPMG’s Financial Advisory Division, said, "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," and added, "Based on meticulous analytical capabilities of the global market and specialized industries, we will cooperate with Shinhan Bank to create and support domestic and international investment opportunities."

On the 21st, after the 'Foreign Investment Companies/Overseas Investment Companies Service Support Business Agreement' held at Samjeong KPMG headquarters in Gangnam-gu, Seoul, Choi Dong-wook, Head of Shinhan Bank's Corporate Foreign Exchange Group (left), and Koo Seung-hoe, Head of Samjeong KPMG's Financial Advisory Division, are taking a commemorative photo.

This content was produced with the assistance of AI translation services.