Hana Bank Signs MOU with Daejeon District Prosecutors' Office for the "Protection of Assets of Socially Vulnerable Groups"

Hana Bank announced on the 29th that it has signed a "Financial Trust Promotion Agreement for Asset Management" with the Daejeon District Prosecutors' Office to safely protect and manage the assets of crime victims and other socially vulnerable groups.

Jinwoo Kim, Head of Asset Management Group at Hana Bank (left), and Dowan Kim, Chief Prosecutor at Daejeon District Prosecutors’ Office, are posing for a commemorative photo on the 29th after signing a business agreement to promote asset management trusts for safely protecting and managing the property of crime victims and socially vulnerable groups. Provided by Hana Bank

This agreement was established to help socially disadvantaged individuals—such as minors, persons with disabilities, and the elderly—who may have difficulties managing their own assets, to safely hold funds like crime victim compensation and insurance payments, and to stably use those assets for designated purposes such as living expenses, medical costs, and tuition.

In particular, this agreement was prompted by the need to securely manage the compensation payments for minor children left without guardians as a result of violent crimes.

The two organizations plan to establish a cooperative system that links Hana Bank’s trust and asset management expertise with the victim protection and support work of the Daejeon District Prosecutors' Office, providing protection measures through trusts. Hana Bank will design the management and disbursement methods for trust assets by comprehensively considering factors such as the age, living environment, and need for support of the beneficiaries. The bank will also provide tailored trust solutions and related information to ensure that funds are used appropriately as needed.

In addition, the two sides plan to continuously share cases requiring the protection of the assets of crime victims and other socially vulnerable groups, and to strengthen cooperation among working-level staff to enhance the effectiveness of the system.

Jinwoo Kim, Head of Asset Management Group at Hana Bank, remarked, "This agreement marks the starting point for cooperation to reliably safeguard the assets of socially vulnerable individuals—such as minors who require protection due to unexpected crimes—leveraging the trust and expertise of the financial sector. Hana Bank will fulfill its responsibility so that trusts go beyond being a simple asset management tool, and can function as a social safety net that protects customers’ lives and futures."

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