Hana Financial Group Inc. () is a financial
holding company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...
headquartered in
Seoul
Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 of ...
,
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korean Peninsula and sharing a land border with North Korea. Its western border is formed by the Yellow Sea, while its eas ...
.
History
Hana Financial Group was established as Hana Bank's transition to a holding company. In 2005, Hana Bank was delisted and incorporated into Hana Financial Group as a subsidiary.
In 2005, Hana Financial Group acquired Daehan Investment and Securities, then Korea's second-largest asset management company.
In 2012, Hana Financial Group acquired a 51.02 percent stake in
Korea Exchange Bank (KEB) from
Lone Star Funds for KRW 2.02 trillion.
Due to opposition from the KEB labor union, the merger between KEB and Hana Bank was delayed until 2015, and the two banks operated independently under the Hana Financial Group umbrella. An arbitration suit for additional compensation filed by Lone Star was dismissed in May 2019.
Subsidiaries
*
Hana Bank
Hana Bank (; KEB Hana Bank outside South Korea) is a commercial bank headquartered in Seoul, South Korea. Since its establishment as Korea Exchange Bank in 1967, it provides the largest range of foreign exchange products in South Korea.
History ...
*Hana Securities co., LTD (formerly Hana Financial Investment , Hana Daetoo Securities)
*KEB Hana Card
*Hana Capital
*Hana Life (formerly Hana HSBC Insurance)
*Hana Insurance
*Hana Savings Bank
*Hana Asset Trust
*Hana Alternative Asset Management
*Hana F&I
*Hana Ventures
*Hana Investor Services
*Hana TI
*Hana Financial Find
*Overseas Units: Hana Bank (China), PT Bank Hana (Indonesia), Hana Asia Limited (Hong Kong)
*BNB Hana Bank (Hana acquired BNB Bank in 2013): New Jersey and New York, USA
Hana Financial, Inc. (Los Angeles, CA, USA) is not a member of Hana Financial Group. Founded in 1994, Hana Financial, Inc. is a
non-bank financial institution
A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFC facilitate b ...
, which offers factoring, asset based lending, and SBA lending. Hana Financial, Inc. has about $2 billion in annual factoring and loan originations.
Overseas operations
Subsidiaries of Hana Financial Group are active in 24 countries, spanning Asia, the Americas, Europe and the Middle East. In particular, Hana Financial Group has substantial equity investments in banks in China, Indonesia and Vietnam.
In 2007 Hana Financial Group established a subsidiary in China, Hana Bank China. In 2009 Hana Bank China was licensed to perform transactions involving
Renminbi and debit card transactions. A year later, Hana Financial Group acquired an 18.44% stake in the Bank of Jilin Co. Ltd. In January, 2011 the group entered into a strategic alliance with the China Merchants Bank.
Bank Bintang Manunggal was acquired by Hana Financial Group in 2007, and renamed PT. Bank Hana in 2008. The Indonesian subsidiary of Hana Financial Group acquired Bank KEB Indonesia as part of the group's global acquisition in 2014, and recently established LINE BANK by Hana Bank, a joint venture with
LINE Financial Asia in 2021.
In 2019, Hana Financial Group's subsidiary KEB Hana Bank acquired a 15% stake in Vietnam's
BIDV.
See also
*
List of Banks in South Korea
*
Daejeon Hana Citizen FC
Daejeon Hana Citizen Football Club (Korean 대전 하나 시티즌 축구단) is a South Korean professional football team based in Daejeon that competes in the K League 1, the top tier of South Korean football. At the time of its foundation in 199 ...
*
Bucheon Hana 1Q
References
External links
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{{Authority control
Financial services companies of South Korea
Companies listed on the Korea Exchange
Companies based in Seoul
2005 establishments in South Korea
South Korean brands