2023 Gold Age Forum

On June 19, Oh Geon-young, team leader of Shinhan Bank's WM Business Division, stated, "Long-term asset management hinges on diversification," adding, "The greatest risk is the temptation of concentration." Speaking at the '2023 Asia Economy Gold Age Forum' held at the Bankers' Hall in Jung-gu, Seoul, he delivered a presentation titled 'Sustainable Asset Management and Diversification Investment Strategies,' emphasizing, "No one can deny the importance of diversification, but it is also a very challenging task." Oh, a regular guest on the YouTube channel 'Sampro TV,' is known for simplifying complex economic concepts and has earned nicknames such as 'Macroeconomics Master Instructor' and 'God Geon-young.'Oh introduced four types of diversification: by asset, region, currency, and timing.First, asset diversification involves investing by dividing assets into stocks, bonds, commodities, and so on, which is the most common concept of diversification. He noted, "During hot stock market per

Park Jung-guk, Head of the Inheritance and Gift Center at Hana Bank WM Headquarters, stated, "The basic strategy for inheritance and gifts is to pay what would later be taxed at a 50% rate now at a 10-30% rate and finish the process."On the 19th, Park gave a lecture titled "Happy Tax-saving Strategies for Retirement" at the '2023 Asia Economy Gold Age Forum' hosted by Asia Economy at the Bankers Hall in Myeongdong, Seoul.He advised, "The tax rates for inheritance and gift taxes are the same, ranging from 10% to 50%. Although the rates and calculation structures are identical, the taxation methods differ, so gifting can be advantageous in some cases."Park explained that inheritance tax is levied based on the total assets passed on to the spouse and children, whereas gift tax is imposed on each recipient individually. He added, "By distributing gifts to sons, daughters-in-law, grandchildren, and others, taxes can be reduced. When there is a large amount of assets to inherit, it is benefi

Jinwoong Kim, Head of the 100-Year Life Research Institute at NH Investment & Securities, emphasized that “financial assets that generate cash flow after retirement are the most important” as a strategy for asset management in the 100-year era due to demographic changes. This was stated at the '2023 Asia Economy Gold Age Forum' held on the 19th at the International Conference Room of the Bankers' Hall in Jung-gu, Seoul. He mentioned that pensions are the most important financial asset.The reason why quasi-mandatory pensionization of retirement pensions is necessary stems from demographic changes. Kim said, "As of 2023, the elderly population aged 65 and over accounts for 18.4% of the total population, but it will increase to 41% by 2053," adding, "We need to consider super-aging and asset management environments, and ultimately, due to demographic changes, low interest rates are inevitable." He identified low growth, low interest rates, and aging as the three key keywords of demographi

South Korea is expected to enter a super-aged society around 2025, with the proportion of elderly population exceeding 20%. The pace of super-aging is rapid globally as well. In addition, uncertainties are high due to low growth and low interest rate trends, job reductions, and population decline. Systematic preparation for a stable old age is more urgent than ever. Accordingly, Asia Economy held the '2023 Gold Age Forum' on the 19th under the theme of 'Population Structure Changes and the Future of Asset Management,' providing various solutions for retirement preparation. More than 80 participants, including asset management officers from banks, securities firms, and insurance companies, attended the forum, making it a great success.Woo Byung-hyun, CEO of Asia Economy, explained the reason for holding the forum in his opening remarks at the 2023 Gold Age Forum held at the International Conference Room of the Bankers' Hall in Jung-gu, Seoul, saying, "As of 2020, South Korea's elderly p

Park Won-gap, Senior Real Estate Specialist at KB Kookmin Bank, advised, "Considering the population structure, if the proportion of real estate is large, a strategy to gradually reduce it is necessary," adding, "Ultimately, the ratio of financial assets to real estate should be set at 50 to 50." However, he also emphasized the need to distinguish between the near and distant future of the housing market.On the 19th, Park gave a lecture titled "The Future of Population and Real Estate ? Wise Coping Strategies" at the '2023 Asia Economy Gold Age Forum' held at the Bankers' Hall in Myeong-dong, Seoul.Park stated, "Not immediately, but when both the population and the number of households decrease simultaneously, the risk of real estate increases further," adding, "In an era of low growth in the real economy, real estate inevitably follows that trend." He further noted, "It is necessary to perceive real estate as another financial product that generates cash flow."Park predicted that the