Hana Bank and KAMCO Join Hands to Support the Introduction of Electronic Securities for National Tax Payment Corporations

▲On the afternoon of the 6th, at the 'Support for the Introduction of Electronic Securities for National Tax Payment Corporations' business agreement ceremony held at the Korea Asset Management Corporation Yangjae Tower in Gangnam-gu, Seoul, Park Byung-jun, Executive Vice President of the Management Support Group at Hana Bank (left), and Kim Seo-jung, Vice President of KAMCO, are taking a commemorative photo.

Hana Bank announced on the 9th that it has signed a business agreement with KAMCO (Korea Asset Management Corporation) to support the introduction of electronic securities for national tax payment corporations.

National tax payment corporations are entities that issue national tax payment securities owned by the government by paying national taxes such as inheritance tax and gift tax in stocks instead of cash. KAMCO is entrusted by the government to manage these national tax payment securities.

Through this agreement, Hana Bank and KAMCO will actively cooperate to promote the introduction of electronic securities for national tax payment corporations by ▲reducing basic fees related to electronic securities by up to 50% ▲providing consultation support for electronic securities conversion ▲offering financial consulting, among other measures.

This will resolve the drawbacks of physical securities such as inability to transfer stock accounts, risk of loss, and reissuance costs, enabling more efficient management of state-owned assets. Additionally, it is expected to contribute to enhancing corporate value by promoting the issuance and trading of securities by national tax payment corporations.

Park Byung-jun, Vice President of Hana Bank’s Management Support Group, stated, "Through this agreement, we will address difficulties in converting national tax payment corporations to electronic securities, strengthen transparency in stock administration, and promote corporate value growth. Beyond the introduction of electronic securities for national tax payment corporations, we will continue to provide active support for enhancing corporate value through various customized financial products and consulting services."

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