Hana Financial Group

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Hana Financial Group, Inc.
Public (traded on the Korea Stock Exchange)
Traded asKRX: 086790
Founded1971; 48 years ago (1971)
HeadquartersSeoul, South Korea
Key people
Kim Jung-Tai, Chairman & CEO
ProductsFinancial Services
Number of employees
Company Financials
Summarized Financial Information 2012
Gen. Op. Income
Op. Income
Consolidated NI
KRW 6,888.5Bil
KRW 1,981.4B
KRW 1,602.4B
Financial Position
Total Assets
Total Equity

Hana Financial Group[1] (HFG) is one of the largest bank holding companies in South Korea.

The company was established in 1971 as Korea Investment & Finance, the nation's first financial company established, financed solely by private fund. 'Hana' is a word in Korean meaning "one" or "unity", and Hana Financial Group's symbol, "ㅎ", represents the first consonant of "Hana" (or "하나" in Korean).

Hana Bank,[2] Hana Financial Group's primary banking subsidiary, was converted into a commercial bank in 1991.[3] Hana Bank went through P&A with Chungchong Bank and M&A with Boram Bank in 1998, and acquired Seoul Bank in 2002. Then it continued its expansion by acquiring Daehan Investment and Securities, Korea's second-largest asset management company, in May 2005. The most recent expansion was made in 2012, when it acquired Korea Exchange Bank.

Hana Financial Group is in charge of setting up group-level business strategies and providing management resources to subsidiaries, including KEB Hana Bank, Hana Daetoo Securities, Hana SK Card, Hana Life Insurance, Hana Capital, Hana Asset Trust, Hana I&S, Hana Institute of Finance, and Hana Savings Bank.

Corporate timeline[edit]

  • Nominated as No. 1 Underwriter of Corporate Bond in 1990
  • Converted to a commercial bank with a nationwide branch Network in 1991
  • Launched Credit Card Business in 1992
  • Acquired Chungchong Bank in 1999
  • Complete the Merger with Seoul Bank in 2002, becoming Korea's 3rd largest bank
  • Launched Hana Life Insurance in 2003
  • Established Financial Holding Company in Dec. 2005 (Chairman & CEO: Seung-Yu Kim)
  • Purchased Hana Daetoo Securities in May 2005
  • Launched PT Bank Hana (Indonesia) in Dec.2007
  • Established UBS Asset Management in May 2007
  • Established Hana HSBC Life Insurance in Mar. 2008
  • Reorganized HFG to Matrix Structure in Mar.2008
  • Merged Hana Daetoo Securities and Hana IB Securities in Dec. 2008
  • Established Hana Credit Card Joint Venture with SK Telecom in Dec. 2009
  • Acquired Daol Trust in Mar. 2010
  • Purchased 18.27% shares of Bank of Jilin, China in May 2010
  • Signed SPA with Lone Star for Korea Exchange Bank (KEB) share acquisition in Nov. 2010
  • Signed on MOU with China Merchants Bank in Jan. 2011
  • Acquired 57.27% stake of KEB in Feb. 2012

Overseas network[edit]

Hana Bank established a program called the Hana Overseas Club in 1994 as a means to provide financial services to Korean expatriates living abroad, including those living in Canada, Australia, New Zealand and the United States etc.[4] Through the Hana Overseas Club, Hana Bank managed the Korean financial assets of its overseas customers. Hana Bank launched an advertising campaign for the Hana Overseas Club in July 1994, running advertisements in the Korea Times in Los Angeles, New York and other major cities.[5]

As of 2014 the Group's strategies for global expansion have been focused on East Asia, China in particular. In 2007 the Hana Financial Group established a subsidiary in China, Hana Bank China, which came to have 13 branches in the world's most populous market. In 2009 Hana Bank China was licensed to perform transactions involving China's currency, the renminbi, and debit card transactions. A year later, the Hana Financial Group acquired an 18.44% stake in the Bank of Jilin Co. Ltd.[6] In January, 2011 the group entered into a strategic alliance with the China Merchants Bank, which has large potential for growth in China and a credit card and retail banking business in local markets.

The Group has a significant presence in Indonesia. The Group operated 18 branches through PT Bank Hana, a local subsidiary in Indonesia set up by the Hana Financial Group in 2007. The Group hires most of the employees for its overseas operations from local communities. For instance, of the 255 employees at the Group's Indonesian subsidiary, 98% are Indonesians, including three of the five members of the Board of Directors. In Mar. 2014, the group decided to integrate PT Bank Hana and PT KEB Bank, to establish PT Bank KEB Hana, the first integrated entity within the Group. The newly established entity now owns 40 branches with 571 employees.[citation needed]

Financial results[edit]

In 2011 operating income increased by 27.08% yoy and consolidated net income by 22.78%, while profitability indices including ROA, ROE, and EPS improved compared to the previous year. The C/I ratio increased by 2.81 percentage points.[citation needed]

HFG's total assets grew by 11.49% over the course of 2011. The balance of the Group's beneficiary certificates, but total sales rose by 2.54% due to an increase in deposits taken. Credit card membership increased by 9.48% to 4,540,000.[citation needed]

The NPL ratio decreased by 0.48 percentage points to 1.12%, and the NPL coverage ratio increased by 42.43 percentage points to 148.92%, with loans to creditworthy borrowers making up most of the increase in total loans. Hana Bank's delinquency ratio also decreased, to 0.48%. HFG reached 13.22% in BIS ratio and 9.43% in Tier 1 ratio. Corresponding indices at the Group's subsidiaries hovered above government-set requirements.[citation needed]

Family companies[edit]

Flagship Branch, Myeong Dong, Seoul, Korea
  • KEB Hana Bank
  • Hana F&I
  • Hana Futures
  • Hana Investor Services
  • Hana Financial Investment (formerly Hana Daetoo Securities)
  • Hana Card (also known as KEB Hana Card)
  • Hana Life Insurance (formerly Hana HSBC Insurance)
  • Hana Capital
  • Hana Asset Trust
  • Hana Asset Management
  • Hana I&S
  • Hana Institute of Finance
  • Hana Savings Bank
  • 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, which offers factoring, asset based lending, and SBA lending. Hana Financial, Inc. has about $2 billion in annual factoring and loan originations.

Former companies[edit]


The company supported South Korea's national basketball team as jersey sponsor at the 2016 FIBA Asia Cup.[7]

See also[edit]


  1. ^ "하나금융그룹". www.hanafn.com.
  2. ^ "KEB하나은행". www.hanabank.com.
  3. ^ "네이버 뉴스 라이브러리". NAVER Newslibrary.
  4. ^ "네이버 뉴스 라이브러리". NAVER Newslibrary.
  5. ^ "네이버 뉴스 라이브러리". NAVER Newslibrary.
  6. ^ "S Korea's Hana Bank to invest in China's Bank of Jilin". www.chinadaily.com.cn.
  7. ^ Korea - FIBA Asia Challenge 2016, FIBA.com, Retrieved 17 October 2016.

External links[edit]