On April 29, 2023, Ahn Hyun-joo, Head of Retail Division of Hyundai Motor Securities (left), and Park Sung-yong, Head of Pacific Asset Management Succession Center (right), are taking a commemorative photo at the Gangnam Premier PB Center of Hyundai Motor Securities in Yeoksam-dong, Seoul. /Courtesy of Hyundai Motor Securities

Hyundai Motor Securities said on the 21st that it has entered into a strategic partnership with law firm Bae, Kim & Lee to provide comprehensive asset management services for family office clients.

According to Hyundai Motor Securities, Bae, Kim & Lee has been operating a dedicated organization for complex asset transfers, named the 'Asset Management Succession Center (AWMC),' providing legal advisory services specialized in reducing inheritance tax, transferring unlisted stocks, and succession procedures since 2022.

Through this partnership with Bae, Kim & Lee, Hyundai Motor Securities will provide services targeting high-net-worth individuals (HNWIs) including ▲inheritance and tax advisory ▲corporate restructuring and stock transfer strategy development ▲corporate valuation and restructuring advisory. Lawyers, accountants, and tax advisors with over 10 years of experience in each field plan to offer a 'one-stop solution.'

Ahn Hyun-ju, head of the retail division at Hyundai Motor Securities, noted, 'This partnership enables Hyundai Motor Securities to provide optimal solutions to diversify the needs of high-net-worth individuals and family office clients' and added, 'In the future, Hyundai Motor Securities will continue to offer differentiated customized services with the country's top experts.'

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