Hana Bank announced that the bank has been selected as the “Best Sub-Custodian Bank in Korea 2024” by Global Finance, a US global financial and economic publication.
At the Global Finance Transaction Banking Awards 2024, held in Beijing, Hana Bank was honored as the Best Sub-Custodian Bank, marking the 16th time Hana Bank has taken home the prize - including 14 consecutive years from 2011 to 2024.
Global Finance cited, as the reasons for its selection, Hana Bank’s high level of service for customers, competitiveness in fees and ability to meet the diverse needs of the market.
Global Finance’s “Best Sub-Custodian Bank in Korea” award, now in its 22nd year, selects the winner of the prize among financial institutions from more than 80 countries around the world by evaluating their innovative and efficient custody services.
“Our more than 30 years of experience in the custody business and expertise as Korea’s leading foreign exchange bank have once again been recognized in the global financial market,” a Hana Bank official said.
“Based on accumulated business capabilities, Hana Bank will provide the best services to grow into Asia’s leading foreign exchange bank.”
Hana Bank announces on Oct. 25 that the bank has been selected as the Best Sub-Custodian Bank in Korea 2024 by Global Finance, a U.S. global financial and economic publication.
Real Estate Investment Seminar
Hana Bank announced that it held the 2024 Real Estate Investment Seminar, inviting customers to explore the Hannam-dong area of Seoul, on Oct. 22 and 24.
The Real Estate Investment Seminar is a “hands-on” walking tour program that invites guests to explore sites in small groups.
It offers a real estate investment advisory service that analyzes promising investment areas and explains investment points selected by real estate experts from WM Headquarters in charge of asset management at Hana Bank.
Hana Bank became the first Korean financial institution to introduce this service in 2017.
It has held a total of nine such tours in Seongsu-dong, Itaewon, Songnidan-gil and the Yongsan International Business District.
The tenth Real Estate Investment Seminar was held under the theme of “Hannam, a cultural hot spot beyond a commercial area.”
Hana SME Employee Savings
Hana Bank announced the launch of Hana SME Employee Savings, a financial product to help SME workers stably build assets. SMEs refer to small and medium-sized enterprises.
Hana SME Employee Savings was developed based on a public-private partnership between Hana Bank and the Korean Ministry of SMEs and Startups and the Korea SMEs & Startups Agency (KOSME) for win-win growth with SMEs and their employees.
The product aims to help employees working in SMEs save money and encourage them to stay at SMEs for a longer period of time, thereby alleviating a labor shortage at SMEs.
The product which you can buy at Hana Bank branches nationwide or Hana OneQ Smartphone Application, provides an additional 20 percent of SME employees’ savings if they save more than 100,000 won.
Upon maturity, the employees will be able to enjoy income tax cuts — a tax cut of up to 90 percent for young workers 34 years old or younger and 50 percent for general workers.
Hana Bank also offers special preferential interest rates.
The base interest rate is 3.0 percent per annum plus a preferential interest rate of up to 2.0 percent per annum for a maximum interest rate of 5.0 percent per annum.
Conditions for the preferential interest rates are 1.4 percent per annum for those who receive their wages to their Hana SME Employee Savings accounts, 0.5 percent per annum for Hana Card use and 0.1 percent per annum for consent to marketing.
The product subscription amount can range from a minimum of 100,000 won to a maximum of 500,000 won, and the subscription period is five years.
In addition, SMEs participating in Hana SME Employee Savings’ will receive expense recognition and corporate tax cuts for subsidies paid.
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