Korea Investment & Securities Signs MOU with Hawaii's Central Pacific Bank

Korea Investment & Securities announced on the 17th that it has signed a memorandum of understanding (MOU) with Central Pacific Bank, located in Hawaii, to expand services for ultra-high-net-worth individuals.

The signing ceremony, held on the 13th at the Korea Investment & Securities headquarters in Yeouido, Seoul, was attended by President Kim Seonghwan, President Arnold Martinez of Central Pacific Bank, and other key officials from both companies. Central Pacific Bank, established in 1954, operates 27 branches in Hawaii and is one of the largest banks in the state.

At the signing ceremony held on the 13th at the Korea Investment & Securities headquarters in Yeouido, Kim Seonghwan, President of Korea Investment & Securities, and Arnold Martinez, President of Central Pacific Bank, are taking a commemorative photo. Korea Investment & Securities

Korea Investment & Securities provides a one-stop service through its dedicated Global Wealth Management (GWM) division for ultra-high-net-worth individuals, offering U.S. real estate investment advisory services, as well as tax and legal consulting related to overseas study and immigration. Through this agreement, the company plans to strengthen its cross-border wealth management services, including Hawaii real estate investment financing, local mobile banking, remittance and foreign exchange, and connecting clients with local real estate agents, tax accountants, and lawyers in Hawaii.

Recently, as investment and immigration to overseas countries with favorable tax benefits and excellent educational environments have increased, Hawaii has been spotlighted as an attractive destination for second home investments, satisfying complex needs for post-retirement living and children's education. Hawaii's tourism industry has recovered to pre-COVID-19 levels, and the region offers stable real estate values, low property tax rates, and a favorable environment for asset gifting compared to Korea's high inheritance and gift taxes.

President Kim Seonghwan stated, "We will continue to expand our customized wealth management services for ultra-high-net-worth individuals and family office clients by leveraging Korea Investment & Securities' extensive global network."