Hana Bank Signs 'Minor Guardianship Support Trust' Contract for Children of Cheonan Ship Fallen Soldiers

[Asia Economy Reporter Kwangho Lee] Hana Bank announced on the 16th that it has signed a minor guardianship support trust contract with a guardian and selected the law firm Gaon as the trust manager to ensure the safe and transparent management of public donations collected for the minor children left alone due to the death of the widow of a Cheonan ship war casualty.

The minor guardianship support trust is a product that safely manages the assets of minor children who have difficulty receiving parental protection due to unforeseen accidents, divorce, remarriage, etc., until they reach adulthood, acting as a guardian so that the young children can grow up with peace of mind.

When the story of Jeong Mo, the wife of the late Sergeant Jeong Jong-yul, a Cheonan ship war casualty, who recently passed away after battling cancer, leaving behind a son in the first year of high school alone, was conveyed, the public collected donations and delivered them to Jeong Mo's son.

Through this contract, Hana Bank will not only safely manage the donations gathered with the warm hearts of the public until Jeong's son reaches adulthood but also, unlike general contracts, select a separate trust manager to verify that the contract terms are properly executed and managed transparently until the son becomes an adult.

Kim Ki-seok, Vice President of Hana Bank's Asset Management Group, said, "The donations collected with the hearts of the public will be managed more safely and transparently through the minor guardianship support trust contract," adding, "We will continue to take the lead in the social role of finance that is more valuable and meaningful as a trust specialist through various trust products and services for socially vulnerable groups."

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