Youtli Bank partners with Jinzhang Law Firm and Sany PWC to launch comprehensive corporate inheritance support services

Woori Bank, together with Kim Chang Law Firm and Sany PWC, is expanding its corporate inheritance support system and conducting comprehensive cooperation to address the intergenerational transfer needs of small and medium-sized core enterprises.

On April 13, 2026, Woori Bank signed the “Mutual Cooperation Agreement on Corporate Inheritance Business” with Kim Chang Law Firm and Sany PWC at its headquarters in Central Seoul. The significance of this signing lies in its surpassing of mere financial support, integrating legal, tax, and asset management services to solve complex issues arising in corporate inheritance in a one-time manner. Corporate inheritance is not only about the transfer of management rights but also involves inheritance and gift taxes, governance restructuring, and tax burden adjustments. Therefore, advice from a single institution often cannot fully resolve these issues.

According to the agreement, the three organizations will provide legal and tax consulting related to corporate inheritance and plan to jointly promote educational training and seminars for enterprises. Additionally, they will conduct research and information exchange on institutional and market development. The collaboration between financial institutions, law firms, and accounting and tax professionals has become increasingly important amid recent changes in the domestic corporate environment. This is because, against the backdrop of aging leading to the retirement of the first-generation entrepreneurs, if a stable inheritance framework cannot be established, corporate value may be shaken or tax burdens may sharply increase.

For Woori Bank, this agreement can also be seen as an opportunity to broaden its corporate financial services. Banks typically focus on loans, deposits, and fund management, but recently, assisting in designing long-term business succession issues such as family business inheritance and asset transfer has become a competitive advantage. Kim Chang Law Firm and Sany PWC are specialized institutions in legal and tax fields, respectively. Woori Bank seems to aim at strengthening its ability to provide customized inheritance solutions to clients through cooperation with them.

Woori Bank President Jeong Jin-wan stated that by adopting a cooperation model that goes beyond finance to include legal and tax aspects, the bank will offer customized inheritance solutions to clients and actively support stable business succession to the next generation. The market has recognized that corporate inheritance is no longer an issue exclusive to large enterprises. As the demand for inheritance preparation expands to small and medium-sized core enterprises, the future collaboration between financial institutions and professional consulting agencies is likely to increase further.