Shinyoung Securities Partners with Busan Social Welfare Community Chest to Promote 'Planned Giving' Activation

Operation of Planned Donor Discovery and Legacy Donation Trust Program

Kim Dae-il, Head of WM Division at Shin Young Securities (left), and Choi Geum-sik, Chairman of the Busan Community Chest of Korea, are taking a commemorative photo while signing a business agreement at Shin Young Securities APEX Family Office Busan. (Photo by Shin Young Securities)

[Asia Economy Reporter Minwoo Lee] Shin Young Securities is partnering with the Community Chest of Korea to promote the culture of legacy donation trusts and planned giving.

Shin Young Securities announced on the 9th that it has signed a business agreement with the Busan branch of the Community Chest of Korea (hereinafter referred to as Busan Community Chest of Korea) for this purpose.

Accordingly, both parties plan to discover planned donors and operate a legacy donation trust program. Planned giving is a method that designs in detail the timing and manner in which donations are delivered to the intended recipients according to the donor's wishes. A legacy donation trust is a representative means of executing planned giving, where the trustor consults with experts such as lawyers and tax accountants, maintains control over the donated assets, and establishes and implements an asset succession plan through a contract.

Kim Dae-il, Head of WM Division at Shin Young Securities, said, "Through this business agreement, we will activate a sound donation culture through trusts and provide trust and satisfaction to customers who wish to donate." Choi Geum-sik, Chairman of the Busan Community Chest of Korea, also said, "We are pleased to sign an agreement with Shin Young Securities, the top trust solution expert group," and added, "We hope this will be an opportunity to revitalize the culture of legacy planned giving in Korea."

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