Samjong KPMG said on the 4th that it signed a memorandum of understanding (MOU) with AtoZ Consulting, a firm specializing in advising on entry into the Singapore and Association of Southeast Asian Nations (ASEAN) markets, to expand investment opportunities between Korea and Singapore and strengthen global advisory capabilities.
Samjong KPMG explained that the agreement was pursued to reflect market conditions in which overseas investment demand is rapidly increasing, centered on Singapore, Asia's financial hub.
With various tax incentives and an open business environment, Singapore is emerging as a key location where high-net-worth individuals from multiple countries, including Korea, establish family offices. The expansion of Korean corporations' entry into the ASEAN market is also increasing demand for locally based professional advisory services.
Founded in 2011, AtoZ Consulting is a specialized consulting firm that has supported the local expansion of Korean corporations and high-net-worth individuals, with offices in Singapore, Hong Kong, and Cambodia. It has built a solid network in the ASEAN region by providing one-stop services locally, including corporate establishment, opening financial accounts, applying for work visas, obtaining licenses, document notarization, and advising on the establishment and operation of family offices.
Through this agreement, Samjong KPMG and AtoZ Consulting have laid a foundation to identify cross-border investment opportunities between Korea and Singapore and to respond more professionally and in depth to the global asset management and overseas expansion needs of domestic corporations and high-net-worth individuals.
The two companies will cooperate to identify ASEAN-based investment opportunities and strengthen their ability to link related information to practical transactions.
Going forward, the two companies plan to actively seek mutual investment opportunities between Korea and Singapore by combining AtoZ Consulting's network and hands-on experience in Singapore with the global finance, tax, and M&A advisory capabilities that Samjong KPMG has accumulated.
They also plan to focus on improving clients' tangible business outcomes by jointly providing various advisory services, including global asset management and portfolio strategy, support for establishing and operating Singapore family offices, and building compliance systems related to obtaining local licenses.
Kim I-dong, head of financial advisory at Samjong KPMG, said, "This agreement is an important milestone to more systematically identify investment opportunities in the Asian market and support domestic corporations' overseas expansion strategies," adding, "By combining the expertise and networks of both companies, we will create a global cooperation model that delivers tangible results to clients."