[South Korea's Choice Financial newspaper reporter] Trust (trust, 信託).
It will end as customers 'trust, leaving' his property. Aging society, and the financial sector seemed poised to capture each one by eopgwon.
According to banking industry 13 days, the Ministry of Strategy and Finance, Justice and Finance Committee will operate the Joint Interagency Task Force (TF) for the joint development of trust business to come in May. Based on the discussion provided a 'Trust Business Act "it plans to submit to the National Assembly this year.
The last eight relations department also held the first joint meeting of the Trust for improvements industry. In addition, capital Research Institute of Finance, Insurance Institute will also conduct joint research services.
In fact raise such 'cooperation' is contained hade grounds are worried about the government's trust business. The Government points out that "it is in 2009 the capital market law is not living trust business advantage to the Trust Business Act after the transfer operation kept a number of properties in a variety of ways, and management." "The trust business is focused on product sales reduced investment," said judge and "the Trust Business Act must be separated again," he will be watching.
According to the Financial Supervisory Service statistics, the end of September last year, the current financial trust assets (money, property) The total size is 709.3 trillion won level. But look at the soknae 'wealth management' and is the appearance in the distance. Property trusts (344.7 trillion won) Cash receivables (152.4 trillion won), subtract the mortgage trust (188.2 trillion won), including Simple Storage business scale stays below 100 trillion won in the case.
The 'unspecified money trusts allowability' In joint meetings were excluded from the discussion subject. Unspecified money trust is a trust scheme is not specific since the pre-investment implemented in 2004 Indirect Investment Asset Management Business Act banned new price. TF related ministries explained that "money trust unspecified allowed because the concern is whether the opposition picked understand the tangible and financial gwongan be detrimental to the sharp deterioration between sales revenue and maximize eopgwon than the intrinsic capabilities enable trust."
Banking, securities eopgwon competition by looking at the actual food is fierce aspect trust business into the future.
New Year's press conference at the Korea Federation of Banks hayounggu President emphasized, "We need to diversify its revenue structure with high capital efficiency to strengthen the asset management (WM) business, including trust directions to meet new financial needs of aging society." Hwangyounggi Financial Investment Association, recently in the New Year's press conference, "If the bank entered the investment industry as a set of separate motion Trust Business Act to violate a full-time attention," he voiced.
The TF Meeting In practice abroad developed countries are also reviewed by example. In Japan, this was more than half a comprehensive trust proportion of the total, including non-cash sutakaek is utilized like the previous management of the trust, enterprise asset wealth between generations.
Gimyongbeom Finance Committee secretary general in charge of TF team leader said, "Trust the banks are planning to provide competitive products to be sold inside the Trust Business Act as a means of foreign trust inherent in a comprehensive property management function is active, not to sell to, like now."
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