KyoWon Life is expanding its life care services to assist customers with tax issues related to inheritance and gifts following funerals.
On August 13, KyoWon Life announced it has signed a memorandum of understanding (MOU) with Centric Tax Corporation to collaborate on tax consultation services after funerals.
The agreement aims to provide professional consultation services for complex tax procedures related to inheritance and gifts, establishing a one-stop support system for customers.
The two companies will jointly develop a customized tax consultation program and membership benefits linked to KyoWon Life's deferred payment funeral products. The tax consultation program will be one of the additional services offered to customers who subscribe to the funeral products. Customers who choose the tax consultation service after completing a funeral will be connected with tax professionals from Centric Tax Corporation for tailored advice on inheritance and gift tax matters. KyoWon Life will cover the initial consultation costs entirely and will also offer discounts for additional tax services.
KyoWon Life plans to pilot the program initially for employees of the KyoWon Group, and after comprehensively verifying service stability and customer satisfaction, it will expand the service to business-to-business (B2B) partnerships for deferred payment products.
Meanwhile, KyoWon Life reported a 137% increase in the usage of its conversion services in the first half of this year (January to June) compared to the same period last year. Among these, the travel conversion service saw a 169% increase during the same timeframe.
A KyoWon Life representative stated, "After a funeral, many people face unexpected tax procedures related to inheritance and gifts. We will continue to expand differentiated services that encompass both pre- and post-funeral needs, acting as a timely life care partner for our customers."
* This article has been translated by AI.
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