Hana Financial Group announced that it opened the Hana Bank USA LA Branch in Los Angeles, California,, on Aug. 25 (local time) to expand its global business in the advanced financial market of the United States.
The opening ceremony was attended by key figures, including Hana Financial Group Vice Chairman Lee Eun-hyung, LA Consul General Kim Young-wan, World Korean Business Leaders Conference Co-Chairman Cho Byung-tae, along with local customers and Korean residents.
“It is quite meaningful to announce Hana Financial Group’s new beginning here in LA where many Koreans have built a Korean community with dreams and visions, growing together,” Hana Vice Chairman Lee said.
“We will faithfully play our roles as a reliable financial partner, enabling the prosperity of the LA Korean community and local society through convenient and innovative financial services for our customers and integrated financial solutions combining retail and corporate banking.”
Hana Bank USA, a U.S. subsidiary of Hana Financial Group’s major affiliate Hana Bank, has focused its business capabilities in the U.S. East Coast region, primarily through its main branch, New York branch and Flushing branch, concentrating on financial services centered on SME lending and retail banking.
With the opening of the new Hana Bank USA branch in California, Hana Financial Group has expanded its U.S. channel network for the first time in approximately 22 years.
Hana Vice Chairman Lee Eun-hyung cuts tapes with LA Consul General Kim Young-wan and World Korean Business Leaders Conference Co-Chairman Cho Byung-tae at the opening ceremony of the Hana Bank USA LA branch in Los Angeles, on Aug. 25.
By establishing a strategic foothold in the western region of America, the financial group plans to accelerate its penetration of the local financial market through enhanced synergies with its existing channels across both the eastern and western U.S.
As the Korean financial institution with the longest history in the U.S., Hana Financial Group focuses on investment banking, corporate finance, and trade finance through Hana Bank’s New York branch and its local subsidiaries KEB Hana New York Financial and KEB Hana LA Financial.
Hana Bank USA has positioned itself as a community bank.
Since successfully turning a profit in the third quarter of 2022, Hana Bank USA has consistently delivered strong performances.
In May, all restrictions imposed by local financial authorities were lifted, enabling the bank to lay the groundwork for expanding new business channels and operations in the U.S.
Signing MOU to Jointly Explore Combination of Robotics and Finance
Hana Financial Group announced that it signed a business agreement with Angel Robotics, a leading Korean wearable robotics company, to jointly discover future strategic industries through the convergence of robotics and finance, aiming to expand productive finance at its Myeongdong headquarters in Seoul on Sept. 10.
This agreement was inked to achieve the core goal of simultaneously creating social value and economic outcomes by combining Hana Financial Group’s financial network with Angel Robotics’ innovative robot technology.
Through this agreement, Hana Financial Group plans to provide financial infrastructure supporting the growth of innovative companies to actively implement productive finance.
Furthermore, it will actively support Angel Robotics in expanding its market based on next-generation wearable robot technology and in seeking growth opportunities in the global market.
Through this, Hana Financial Group and Angel Robotics will collaborate in four key strategic areas to target the core market of the super-aged society.
The four are creating social value through ESG business cooperation, providing senior-tailored healthcare packages and differentiated customer experiences, global cooperation in industries for senior citizens and cooperation in financial support for wearable robot purchases and developing financial products for wearable robots.
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