Expansion of Donation Using Trusts... Shinhan Bank Signs MOU with Ewha Womans University

On the 24th, Jin Ok-dong, President of Shinhan Bank (right), and Kim Eun-mi, President of Ewha Womans University, are taking a commemorative photo at the main building of Ewha Womans University in Seodaemun-gu, Seoul. (Provided by Shinhan Bank)

[Asia Economy Reporter Minwoo Lee] Shinhan Bank has partnered with Ewha Womans University to jointly promote a culture of donation using trust products.

On the 25th, Shinhan Bank announced that it signed a 'Business Agreement for Fostering Future Generations and Expanding Donation Culture Using Trusts' with Ewha Womans University.

The 'Shinhan S Life Care Testamentary Trust' is a product where donors entrust their assets to the bank during their lifetime and, upon their passing, donate the trust assets to the designated posthumous beneficiaries (such as schools) specified in the trust contract. This allows donors to use a certain amount for living expenses during their lifetime while safely and promptly donating the remaining assets after death, achieving both livelihood maintenance and donation purposes simultaneously.

A Shinhan Bank official said, "With this business agreement, anyone can easily participate in fostering future generations through trusts," adding, "We will continue to practice warm finance to ensure that the culture of donation spreads continuously in the future."

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