Hana Bank Launches '100-Year Operation Dementia Preparedness Trust'

[Asia Economy Reporter Kiho Sung] Hana Bank announced on the 14th that it has launched a new asset management product called the '100-Year Operation Dementia Preparedness Trust' to help prepare for a happy old age, anticipating a significant increase in the dementia population due to rapid aging.

The '100-Year Operation Dementia Preparedness Trust,' which adds asset management functions to the安心행복신탁 (Safe Happiness Trust), a lifestyle management trust product launched in March last year, seeks profits through accumulation and asset management during healthy periods. When funds management is needed due to dementia, illness, or other reasons, it provides comprehensive life management tailored to the situation, including ▲old-age care functions ▲inheritance functions ▲living expense payment functions ▲safe payment functions.

New subscriptions start from 1 million KRW, and additional deposits and management can be freely set without restrictions. In particular, integrated asset management, which operates various managed assets from fixed deposits to investment products in a single trust account, is a major advantage.

Wonju Lee, Head of the Pension Trust Group at Hana Bank, stated, “Conflicts and concerns among families due to the increase in the dementia population are emerging as a new social issue,” adding, “Through the launch of this product, we expect to welcome a happy old age with systematic management such as stable asset management and old-age care.”

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