Hana Financial Group (HFG) is one of the largest bank holding companies in Korea.
The company was established in 1971 as Korea Investment & Finance, the nation’s first financial company established, financed with purely privatre capital. 'Hana' is Korean for "one" or "unity", and its symbol is "ㅎ", the first consonant in 'Hana'.
Hana Bank, Hana Financial Group’s primary banking subsidiary, was converted as a commercial bank in 1991. The subsequent years were characterized by remarkable growth, driven by successful transformational M&As and operational excellence. Hana Bank went through P&A with Chungchong Bank and M&A with Boram Bank in 1998 and acquired Seoul Bank in 2002. In May 2005, it acquired Daehan Investment and Securities, Korea’s second largest asset management company. Also, Hana Financial Group acquired KEB in 2012.
Hana Bank is one of the nation’s leading lenders and has been recognized as one of the best banks in Korea by the international financial press including Euromoney, The Banker, Finance Asia, and others.
In December 2005, through the financial group structure, Hana Financial Group realigned the distribution channel, upgraded customer relationship management system as well as product development systems and capabilities.
Hana Financial Group is in charge of forming group-level business strategies and providing management resources to subsidiaries, including Hana Bank, Korea Exchange Bank, Hana Daetoo Securities, Hana SK Card, Hana HSBC Life Insurance, Hana Capital, Hana Daol Trust, Hana I&S, Hana Institute of Finance, and Hana Savings Bank.
The acquisition of the Korea Exchange Bank (KEB) into the Hana Financial Group reshapes the Korean financial Industry landscape. The acquisition bolsters the Group’s position as Korea’s largest financial institution and equip it with vast domestic distribution channels that are second only to KB. KEB adds its expertise in corporate and global banking as well as its extensive global network to the Group’s overseas network.
Read more about Hana Financial Group: Corporate Timeline, Overseas Network, Financial Results, Family Companies, Former Companies
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