Hana Bank and Seoul National University Sign MOU to Expand Legacy Donations

On the 23rd, after the business agreement ceremony held at Seoul National University in Gwanak-gu, Seoul to expand inheritance donations through trusts, Lee Won-ju, Head of the Trust Business Division at Hana Bank (right), is taking a commemorative photo with Chae Jun, Executive Director of the Seoul National University Development Fund. Photo by Hana Bank

[Asia Economy Reporter Minyoung Kim] Hana Bank announced on the 27th that it has signed a Memorandum of Understanding (MOU) with the Seoul National University Development Fund Foundation to expand legacy donations through trusts.

The two organizations agreed to cooperate to promote legacy donations going forward.

Legacy donation refers to a donor giving all or part of their assets remaining after their death to a third party such as a public interest organization. Donations can be made with various assets including real estate, cash, stocks, and death benefits, and the donation method can be through a will or a trust.

Hana Bank's '100-Year Living Trust Center' provides guidance on making legacy donations through consultations with experts.

The agreement was signed on the 23rd at Seoul National University in Gwanak-gu, Seoul.

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