IBK Family Office Service Targets Wealthy Koreans and SME Succession Needs

IBK family office service Korea has been launched by IBK Investment & Securities to target high-net-worth clients, with a focus on business succession for small and mid-sized enterprises.

The IBK family office service Korea targets individuals with at least KRW5bn (USD3.6m) in financial assets and offers consulting on succession planning, inheritance and gifts, legal and tax matters, and real estate, alongside investment products linked to IBK Industrial Bank’s network.

Chief executive Suh Jung-hak said the firm aims to build the new unit into Korea’s leading premium wealth management institution.

The company also held an opening ceremony at its Family Office Center near Seoul’s Gangnam Station, attended by about 30 executives and clients.