Bank of Kaohsiung Enters Management Zone, Marking Wealth Management Milestone

The Financial Supervisory Commission (FSC) approved the Bank of Kaohsiung's entry into the Kaohsiung Asset Management Zone this March. Today, the bank announced its official presence, launching a high-asset flagship center. It will utilize financial tools such as 'policy and premium financing' and 'pledging of self-benefit trust rights' combined with professional tax planning to help clients manage assets flexibly and improve financial allocation efficiency.

BOK stated in a press release that the move represents a commitment to upgrading wealth management and tapping into the high-asset segment of Southern Taiwan to align with international markets. Kaohsiung Deputy Mayor Lin Chin-rong, attending the opening, noted that the city is transforming from manufacturing to a dual engine of industry and finance. With projects like the semiconductor S-corridor and 'Asia New Bay 2.0,' Kaohsiung has attracted capital and talent, leading the growth rate of the financial and insurance industries among Taiwan's six major cities.

Lin pointed out that the FSC has authorized 56 financial institutions to conduct trial business in the zone, with 68 signing MOUs with the city government. BOK's move signals a shift from traditional banking to comprehensive asset management. BOK emphasized it will continue to build a service framework covering investment management, asset allocation, and wealth succession, aiming to provide integrative and forward-looking financial services.