Business · Companies · 1 hr ago
South Korean banks expand private wealth services for wealthy families
South Korean banks are expanding private wealth services for very wealthy clients at centres such as Hana Bank's Club1 in Seoul.
The centre is generally for people with at least 3 billion won in financial assets, and many clients have total assets above 10 billion won.
Private spaces protect clients' privacy, while staff handle banking tasks and advisers discuss investment, tax, property and inheritance issues.
These services address complex needs, such as planning a business succession or finding cash to pay inheritance taxes.
Some banks now plan for whole families, including gifts to children, retirement costs and how property will be managed after a client dies.
Banks also offer extras such as travel, golf, airport services and cultural events.
The story says banks are focusing on these tailored services to attract wealthy clients, but it does not describe a specific next step.
South Korean banks are expanding private wealth services for affluent clients, offering advice on investments, taxes, property and inheritance.
Some centres serve customers with at least 3 billion won in financial assets, whose total assets often exceed 10 billion won.
Banks are designing private spaces to protect clients’ identities and the confidentiality of their discussions.
Services increasingly cover whole families, including plans for gifts, inheritance, retirement and business succession.
Banks also offer premium lifestyle services and events, including golf, travel, dining and cultural programmes.
- Who
- South Korean banks, including Hana Bank, Woori Bank, KB Kookmin Bank and Shinhan Bank, and their wealthy clients.
- What
- Banks are expanding private wealth services that combine financial advice, family asset planning and premium services.
- When
- The article was published on October 29, 2026.
- Where
- South Korea, including private banking centres in Seoul.
- Why
- Wealthy clients seek coordinated advice on investments, taxes, property, inheritance and business succession, as well as privacy.
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This story does not have a timeline yet.
- Hana Bank Club1 Hannam
- Serves clients with at least 3 billion won in financial assets
- Typical total assets
- Often exceed 10 billion won, including property
- KB Kookmin Bank
- About half of its wealth-management consultations are conducted for families rather than individuals
- Woori Bank
- Its Business Succession Support Center advises on business succession and sales
- Shinhan Bank
- Offers premium services including golf, travel, airport services, dining, shopping and cultural events
What people are saying
Many clients are business owners, entertainers and influencers who are sensitive to public exposure.
Business owners and customers with large assets need consultations in several areas at once, including financial assets, taxes, property, business succession, inheritance and gifts.
We sometimes spend more than three hours with one client because inheritance, gift and property consultations are conducted with specialists.