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 Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

headquartered in

Seoul Seoul, officially Seoul Special Metropolitan City, is the capital city, capital and largest city of South Korea. The broader Seoul Metropolitan Area, encompassing Seoul, Gyeonggi Province and Incheon, emerged as the world's List of cities b ...

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korea, Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and t ...

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 Korea is a peninsular region in East Asia consisting of the Korean Peninsula, Jeju Island, and smaller islands. Since the end of World War II in 1945, it has been politically Division of Korea, divided at or near the 38th parallel north, 3 ...

'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 Lone Star Funds, legal name of main entity Lone Star Global Acquisitions, Ltd. is a global private equity firm that invests in corporate equity, real estate, credit, and other financial assets. The founder of Lone Star established its first fu ...

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 (), known from its initial establishment in 1971 to 1991 as Korea Investment Finance Corporation (), is one of South Korea's largest banks. It merged with Seoul Bank (est. 1959) in 2002, then with Korea Exchange Bank (est. 1967) in 201 ...

*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 China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

), PT Bank Hana (

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania, between the Indian Ocean, Indian and Pacific Ocean, Pacific oceans. Comprising over List of islands of Indonesia, 17,000 islands, including Sumatra, ...

), Hana Asia Limited (

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

) *BNB Hana Bank (Hana acquired BNB Bank in 2013):

New Jersey New Jersey is a U.S. state, state located in both the Mid-Atlantic States, Mid-Atlantic and Northeastern United States, Northeastern regions of the United States. Located at the geographic hub of the urban area, heavily urbanized Northeas ...

and

New York New York most commonly refers to: * New York (state), a state in the northeastern United States * New York City, the most populous city in the United States, located in the state of New York New York may also refer to: Places United Kingdom * ...

Hana Financial, Inc. (

Los Angeles Los Angeles, often referred to by its initials L.A., is the List of municipalities in California, most populous city in the U.S. state of California, and the commercial, Financial District, Los Angeles, financial, and Culture of Los Angeles, ...

) 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 is not legally a bank; it does not have a full banking license or is not supervised by a national or international banking regulator ...

, 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 and span Asia, the Americas, Europe, and the Middle East. In particular, Hana Financial Group has substantial equity investments in banks in China, Indonesia, and

Vietnam Vietnam, officially the Socialist Republic of Vietnam (SRV), is a country at the eastern edge of mainland Southeast Asia, with an area of about and a population of over 100 million, making it the world's List of countries and depende ...

. 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 The renminbi ( ; currency symbol, symbol: Yen and yuan sign, ¥; ISO 4217, ISO code: CNY; abbreviation: RMB), also known as the Chinese yuan, is the official currency of the China, People's Republic of China. The renminbi is issued by the Peop ...

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 BIDV in

Hanoi, Vietnam Hanoi ( ; ; ) is the Capital city, capital and List of cities in Vietnam, second-most populous city of Vietnam. The name "Hanoi" translates to "inside the river" (Hanoi is bordered by the Red River (Asia), Red and Black River (Asia), Black Riv ...

References

External links

* {{Authority control Financial services companies of South Korea Companies listed on the Korea Exchange Companies in the KOSPI 200 Companies based in Seoul 2005 establishments in South Korea South Korean brands

History

Subsidiaries

Overseas operations

See also

References

External links