본문
Jung Sik Bae
Chief Expert Adviser
- TEL 82 2 6182 8540
- FAX 82 2 6003 7017
- E-MAIL jsbae@hwawoo.com
Biography
Jung Sik Bae is a chief expert advisor at Yoon & Yang LLC and his main practice areas include trusts, guardianship, corporate succession, estate settlement and senior business.
Mr. Bae worked at the Loan Center, Inspection Division and Living Trust Center of Hana Bank and the head of the Family Office Center of Gaon Law Group. He was the first in the financial sector to launch trusts as will substitutes, i.e., a trust-based plan for inheritance, to address various inheritance and gift issues. Mr. Bae also provided solutions for the elderly and their heirs for both safe asset management and estate planning by utilizing dementia trusts, etc., and in 2017, he obtained a permission for an adult guardianship support trust for the first time through an adult guardianship trial in the family court, establishing the measures to separately manage the identity and properties of a ward. He has also provided various solutions for safe property management of single-person households and donation inheritance as well as welfare trusts such as disability trusts and planned donation trusts. He has also come up with strategies for efficient design of inheritance and donation as needed in the preliminary stages of asset value enhancement such as new construction of real properties. He is also specialized in trust-based advice on transfer and management of stocks and issues regarding voting rights and dividend rights for the purpose of dealing with various issues arising from corporate succession. In particular, he provides consulting services on senior businesses, e.g., various real estate issues and senior towns, based on his expertise in trusts, finance, and law.
Mr. Bae worked at the Loan Center, Inspection Division and Living Trust Center of Hana Bank and the head of the Family Office Center of Gaon Law Group. He was the first in the financial sector to launch trusts as will substitutes, i.e., a trust-based plan for inheritance, to address various inheritance and gift issues. Mr. Bae also provided solutions for the elderly and their heirs for both safe asset management and estate planning by utilizing dementia trusts, etc., and in 2017, he obtained a permission for an adult guardianship support trust for the first time through an adult guardianship trial in the family court, establishing the measures to separately manage the identity and properties of a ward. He has also provided various solutions for safe property management of single-person households and donation inheritance as well as welfare trusts such as disability trusts and planned donation trusts. He has also come up with strategies for efficient design of inheritance and donation as needed in the preliminary stages of asset value enhancement such as new construction of real properties. He is also specialized in trust-based advice on transfer and management of stocks and issues regarding voting rights and dividend rights for the purpose of dealing with various issues arising from corporate succession. In particular, he provides consulting services on senior businesses, e.g., various real estate issues and senior towns, based on his expertise in trusts, finance, and law.
Experience
- 2024-present Yoon & Yang LLC
- 2022-24 Family Office Center, Gaon Law Group
- 2008-21 Head of Living Trust Center, Hana Bank
- 1993-08 Loan Center and Inspection Division, Hana Bank
Education
- 2023 Hoseo University, Graduate School of Venture (Ph.D. in Venture Management)
- 2014 Korea University Graduate School (Family Law, course completion)
- 2009 Konkuk University Graduate School of Real Estate (M.A. in Real Estate Financing)
- 2011 Seoul National University, Financial Transactions Structural Regulation Course
- 1989 Hanyang University, B.A.in Economics
Publications
[Media Contributions]
- Saving and Giving at Once: “Charitable Trust” Picked by Warren Buffett, Hankyung Money Column (Sep. 2024)
[Books]
- Fundamentals of Trust Business, Korea Banking Institute (2022)
- Living Trust, Takers (Co-author, 2019)
- Inheritance Trust, Briends (2012)
[Academic Papers]
- Factors Influencing the Residential Intentions for Senior Towns: The Role of Household Composition, Korea Urban & Real Estate Association (Vol. 15, No. 3) (2024)
- Influence of General and Financial Characteristics of Senior Towns on Residential Intention, Korea Real Estate Society (No. 73) (2024)
- Examining the Impact of Manager’s Capability, Corporate Capability and Institutional Factors on SME Succession Intentions (doctor’s thesis) (2023)
- Revitalization of Trusts for the Super-Aged Society – Focusing on Trust Services to Respond to the Paradigm Shift in Asset Management in the Digital Economy – Trust Research (vol. 3) (2021)
Insights
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Korean and English
