Yuanta Securities Korea Co., Ltd., from living asset management to inheritance... Asset succession trust 'Gaon'

[Financial News] Yuanta Securities Korea Co., Ltd. is introducing a property succession trust service that covers everything from lifetime asset management to post-mortem inheritance and gifting.
With the entry into a super-aged society and growing interest in asset succession, the company is moving beyond the simple sale of financial products to target the comprehensive asset management market tailored to the characteristics of family members and assets.
Yuanta Securities Korea Co., Ltd. announced on the 11th that it is launching 'Gaon,' a property succession trust service that provides one-stop support ranging from asset management during a customer's lifetime to customized property succession after death.
A property succession trust is a service that manages and operates assets entrusted by a client during their lifetime in accordance with a trust agreement, and transfers them to family members or others after their death at a time and in a manner pre-designated by the client.
It is characterized by its ability to prevent disputes that may arise during the inheritance and gifting process and to distribute assets according to the circumstances of family members, such as spouses and children. It can also be utilized as an asset management tool to prepare for situations where decision-making becomes difficult due to conditions like dementia.
The service name Gaon is a combination of the Chinese character 'Ga' (家), meaning family, and 'On,' signifying continuity. It embodies the meaning that asset management for the family continues across generations and conveys a warm heart.
The product consists of four types: testamentary trust, gift assurance trust, disability support trust, and insurance claim trust. It is designed to allow for the integrated management and operation of various assets, such as money, securities, and real estate, by enclosing them in a single trust agreement.
Clients can manage assets by designating themselves as the beneficiary during their lifetime, and transfer property after their death, taking into account the spouse's retirement living expenses or the independence and future plans of their children and grandchildren. By determining the succession method and payment timing in advance, the client's wishes can be reflected even after death.
Yuanta Securities Korea Co., Ltd. has also established a dedicated organization for asset succession trusts within its headquarters' Trust Solutions Team to enhance service expertise. Based on advice from external specialized law firms, the company plans to provide support ranging from inheritance and gift planning to contract drafting, legal and tax reviews, and execution after death. The firm intends to offer customized services for each client by combining consultations with branch Private Bankers (PBs) with post-management by the dedicated headquarters team.
Hong Dong-hoon, Head of Product Strategy at Yuanta Securities Korea Co., Ltd., stated, "With the launch of Gaon, we have established a comprehensive asset management system that accompanies customers throughout their entire lives, from asset formation and management to transfer to the next generation." He added, "We will provide meticulous planning and services tailored to the specific circumstances of each individual to ensure that the assets customers have built over a lifetime and their affection for their families are safely passed on to the next generation."
Consultations and service inquiries regarding Yuanta Securities Korea Co., Ltd. Asset Succession Trust Gaon are available at branches nationwide starting from the 11th.
[email protected] Kang Jung-mo Reporter