Hana Securities Signs MOU with Singapore's KSMC for "Global Asset Management Solutions"

Hana Securities is partnering with a Singapore-based tax and accounting consulting firm to strengthen its global asset management services.

On July 27, Hana Securities announced that it had signed a strategic business agreement (MOU) with KSMC for "enhancing global asset management solutions" at "THE Centerfield W" of Hana Securities, located in Teheran-ro, Gangnam-gu, Seoul.

Sungmook Kang, CEO of Hana Securities, and Hyunjung Kong, CEO of KSMC, are posing for a commemorative photo at the "Strategic Business Agreement Ceremony for Enhancing Global Asset Management Services" held on the 27th at THE Centerfield W of Hana Securities. Hana Securities

KSMC is a Singapore-based company specializing in expansion into Asia, providing one-stop asset management services that cover everything from corporate establishment and overseas investment to family office set-up and tax strategy development. Hana Securities is the first domestic securities firm to form an official business partnership with KSMC.

Through this agreement, the two companies have agreed to cooperate in advancing global asset management services; establishing Singaporean holding company structures and providing governance advisory services for expansion into Southeast Asian markets; supporting the set-up and operation of Singaporean family offices; offering integrated cross-border tax advisory services related to overseas relocation and asset transfers; and creating synergies through the sharing of both institutions' client networks.

Hana Securities is expanding its partnerships with global specialists in Singapore following partnerships in the United States and Japan, thereby strengthening its comprehensive global asset management framework that supports not only financial investment consulting but also the inheritance and management of family wealth.

Sungmook Kang, CEO of Hana Securities, stated, "By forming a partnership with KSMC, which possesses expertise in tax and accounting in Singapore, a leading financial hub in Asia, Hana Securities' family office global asset management services will reach a new level. We will continue to establish a comprehensive asset protection system both domestically and internationally, safeguarding our clients' family wealth and delivering a differentiated 'total one-stop solution.'"

Hyunjung Kong, CEO of KSMC, said, "Based on our practical expertise in both Korean tax law and Singaporean local laws and tax systems, we will provide Hana Securities' clients with customized family office solutions that can proactively address cross-border tax risks."

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