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August 07, 2023
Hana joins hands with State Bank of India to bolster global business
Hana Financial Group announced on Sunday that it had signed a contract with the State Bank of India to establish a strategic partnership, aiming jointly to expand their global business. The SBI is I...ian market but also opened up opportunities for diverse overseas ventures,” ...
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August 01, 2023
[KH Explains] Commercial real estate crash punishes investors
...in the office real estate market. Mirae Asset Securities' 280 billion won investment in Goldin Financial Global Centre in Hong Kong is facing a major loss amid the sluggish Hong Kong property market.... Asset Management’s 189 billion won investment in the Toison d'Or office building i...
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July 28, 2023
KB reclaims top financial group, bank titles in first half
KB Financial Group reclaimed its position as the top financial group in Korea with a net profit of 2.99 trillion won ($2.34 billion) in the first half, surpassing other players. The group's flagship ...p announced Thursday that it realized a net profit of 1.53 trillion won durin...
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July 24, 2023
Three Chinese lenders caught violating reporting obligations
South Korea's Financial Supervisory Service has ordered three Chinese banks operating in Seoul to take disciplinary action after they were found to have violated disclosure and reporting obligations....ines and penalties imposed on Korean banks in China for similar violations. Last year,...
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July 16, 2023
Hana selected as preferred bidder for KDB Life Insurance
Korean private equity fund KDB-Consus Value has selected Hana Financial Group as the preferred bidder to acquire KDB Life Insurance, according to state-run policy lender Korea Development Bank on Thu... Hana has entered this acquisition bid to strengthen its position i...
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July 12, 2023
Lenders throw W6tr lifeline to KFCC to ease liquidity concerns
Seven Korean lenders have decided to provide over 6 trillion won ($4.64 billion) in financial assistance to the country's primary mutual financial institution that has been hit by liquidity shortage ...rding to industry sources on Tuesday. Five major Korean commercial banks -- ...
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July 10, 2023
[KH Explains] Can Daegu Bank shake industry oligopoly?
South Korea’s financial authorities are seeking to dismantle the banking industry’s long-held oligopoly by lowering the entry barrier for newcomers. But the outlook remains mixed amid the seemingly i...c structure of the commercial banking industry, led by the top five banks -- KB Kookm...
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July 04, 2023
Hana seeks to foster financial talent in Indonesia
Hana Financial Group said Monday it is working together with Binus University, a prestigious private university in Indonesia, to foster global talent in the financial sector. Under the partnership a... meeting between Hana Financial Chairman Ham Yo...
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June 22, 2023
Hana Bank extends KFA sponsorship until 2033
Hana Bank announced on Wednesday that it has renewed its official sponsorship contract with the Korea Football Association and the Korean national football team. "Hana Bank will continue to support ...national football team reached the round of 16 matches in the FIFA World Cup ...
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June 07, 2023
JPMorgan CEO meets financial leaders in Seoul
...organ Chase CEO and Chairman Jamie Dimon reportedly met with the heads of the nation’s top four financial groups and Bank of Korea Gov. Rhee Chang-yong in Seoul during his two-day visit to Korea in fi...stry sources on Tuesday. Upon his arrival at a Seoul hotel on Monday, he met with ...
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June 02, 2023
Hana Financial, Mirae Asset join hands for digital finance innovation
Hana Financial Group and Mirae Asset Securities said Thursday that they have signed a joint deal for business cooperation in Web3 and security tokens in efforts to lead the way into the future of digital finance. “Through our solid partnership, we will actively take up opportu...
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June 01, 2023
Can KakaoBank pioneer global expansion?
...argest internet-only bank in South Korea has demonstrated the benefits of branchless banking to financial consumers in the country. Led by CEO Yoon Ho-young, who secured his fourth two-year term in M...nditions in Indonesia also have captured the attention of the top four Korean commer...
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May 25, 2023
Hana Financial to spur biodiversity investment
Hana Financial Group Chairman Ham Young-joo pledged that the financial conglomerate will play proactive role in expanding investments in the biodiversity sector during an event held by the United Nat... together over 450 financial institutions worldwide to co...
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May 21, 2023
Naver Pay installations surge 186% following partnership with Samsung Pay
... in April, a month after it integrated its payment service with Samsung Pay, according to Naver Financial. "We see that the number of app installations for Samsung Pay's interlinked offline payment s...ion of Korea. This figure was the highest among eight local credit card companies --...
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May 15, 2023
Capital Group becomes Hana’s 3rd-biggest shareholder at 5.5%
US investment firm Capital Group has increased its stake in Hana Financial Group from the previous 5.08 percent to 5.55 percent, becoming the Korean financial giant’s third-largest shareholder. Following the 5.08 percent stake purchase in February, the US firm announ...
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May 11, 2023
KB chief seeks to ease concerns over real estate financing
KB Financial Group Chairman Yoon Jong-kyoo said the banking group has been preparing for potential insolvency risks in project financing in the Korean real estate market by increasing its reserve hol...Financial Group had the largest exposure among the four at 11 trillion won, f...
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May 10, 2023
[KH explains] Behind Hana Financial’s birth rate boosting mission
By Song Seung-hyun ( ssh@heraldcorp.com )
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May 09, 2023
Hana, Taiwan’s CTBC bank ink partnership for business expansion
Hana Financial Group said Monday it has signed a memorandum of understanding with Taiwan’s banking giant, CTBC Bank, to seek business expansion in overseas markets. Under the new partnership, Hana and CTBC plan to support their overseas branches to expand businesses ...
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May 04, 2023
Yoon calls for Indo-Pacific solidarity to ride out economic troubles
...rticipate in high quality, green jobs; equip developing member countries to sustain growth and generate resources domestically; and support transitions that are just and equitable,” he said. Top financial figures, including the heads of Korea’s top four financial groups and...
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May 03, 2023
Hana Financial eyes M&As in bid to become global finance giant
Hana Financial Group plans to step up its globalization efforts to become a globally leading finance firm with customized strategies suited to each market with its business spanning from banking to s...gy. Hana holds a major stake in BIDV and BIDV Securities. For its ...