KB Securities Implements Tax Consulting for Business Succession

KB Securities announced on the 3rd that it will implement the 'KB Securities Business Succession Tax Consulting' to support smooth business succession for CEO clients of small and medium-sized corporations with VIP status or higher.

Business succession refers to the transfer of ownership and management rights of a company to a successor through inheritance while maintaining the company's identity. Recently, with the aging of the founding generation and the approaching retirement period, business succession has emerged as an important concern for CEOs of small and medium-sized enterprises. Inevitably, tax issues arise during the succession process, and if succession occurs suddenly due to inheritance without prior preparation, substantial inheritance taxes may be incurred, posing obstacles to business succession.

Accordingly, KB Securities provides business succession tax consulting services to assist CEO clients of small and medium-sized corporations with VIP status (Premier Member Black and KB Prestige S) or higher in smooth business succession. KB Securities' business succession tax consulting is a service where tax expert committee members (tax accountants) from the KB Securities Tax Saving Research Institute form a business succession support team to offer 'customized business succession tax-saving plans' tailored to each company's situation.

Wang Hyun-jung, head of the KB Securities Tax Saving Research Institute, stated, "Although tax benefits have increased due to the expansion of business succession inheritance deductions, thorough and planned tax advice is essential to fully enjoy these benefits." She added, "Tax consulting based on clear legal grounds and similar cases will provide appropriate solutions for CEOs considering business succession, and the KB Securities Tax Saving Research Institute will work alongside clients to make optimal business succession decisions."

Through business succession tax consulting, KB Securities aims to provide practical assistance at each decision-making stage to corporate CEO clients who are concerned about business succession by offering a 'Succession Planning Report' that includes a preliminary briefing on the current business succession tax support system and a customized business succession strategy reflecting the individual company's circumstances. Furthermore, to provide tailored succession planning applicable to each company beyond general consulting, tax expert committee members will conduct on-site, proactive consulting by visiting the companies and collecting data to enhance customer satisfaction.

Lee Min-hwang, head of the KB Securities Asset Management Solutions Center, said, "To provide high-quality advisory services to clients, we have further specialized the consulting areas we have been performing." He added, "Going forward, KB Securities plans to continuously offer specialized advisory services such as business succession tax consulting with a sense of responsibility as a lifelong investment partner to solve clients' real-life concerns."

KB Securities' business succession tax consulting can be applied for at any time by visiting a nearby branch, and for more details, clients can contact the PB at the KB Securities sales office.

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