Chairman Kim Jung-tae of Hana Financial Group. (Photo:HFG)

“Finance Growing Together” is the title of the most recent strategy that Hana Financial Group has been hard at work on this year to improve its results. The group emerged as a leading financial group in the country since the merger of Hana Bank and Korea Exchange Bank, giving birth to KEB Hana Bank in 2015, the key affiliate of the group.

The group in 2012 bought Korea Exchange Bank, which originally specialized in currency transaction services and had a strong overseas network. As of April 2015, Hana Financial Group had the largest overseas network among South Korean banking service companies, with 136 outlets in 24 countries, including China, Japan and the U.S.

In September 2015, Hana Bank and KEB merge to form KEB Hana Bank. Prior to the reformation, both banks have completed incorporation of overseas subsidiaries, such as in China and Indonesia, by the end of 2014. Under our mission of “Growing Together, Sharing Happiness,” Hana Financial Group hopes to uphold the fundamental role of finance in securing greater happiness and prosperity for everyone.

For the happiness of customers and society as a whole, Hana Financial Group will continue to pursue growth and sharing, said Chairman Kim Jung-tae.

Hana Financial Group has the largest global network of all Korean financial institutions, but we will not allow ourselves to become complacent in this fortunate position.

“We will move on to become a leading player in the new global financial market as well as a name that represents Korea on the world stage,” the chairman said. “We will transform HFG into a truly global power player through a glocalization strategy that accepts and adapts to local culture and works toward partnered growth.”
The essence of the financial industry is trust, he added.

“Therefore, Hana Financial Group is doing its best to achieve the happiness of its clients, because we know that it is only through the true satisfaction of its clients that a financial company can built trust. Hana Financial Group will create a strong foundation of trust with all stakeholders as well as with society in general,” Kim said.

The group will provide 15 trillion won in loans to SMEs and startups in the next three years under the “Growing Together Finance, Sharing Happiness” strategy to continue to pursue growth and sharing as what its strategy means.

The group will build 100 state-run and working parents homes around the country by 2020 to help solve Korea’s low birth rate. The group will build the homes at the cost of some 150 million won for local autonomous administrations to run them. They expect some 9,500 children will benefit from those homes across the country, providing some 5,500 jobs to build as well as to run them.

The project will also benefit the economy of the areas where the homes are to be built and later bring educational benefits to the parents who work for SMEs and residents in the areas. The group launched the Social Contribution Committee headed by Chairman Park Seung, former governor of the Bank of Korea, the central bank in a ceremony held on Aug. 16.

The committee will set up the directions of the group’s social contribution policies and projects that the group will undertake at its monthly meeting.

Hana Financial Group is a leading South Korean financial group providing integrated services through its subsidiaries, including KEB Hana Bank, Hana Daetoo Securities, KEB Hana Card and Hana Life. Hana Financial, like its rival Shinhan Financial Group, is one of the largest banking groups in the country by assets. Leveraging its network worldwide, it aims to enhance its overseas services, especially in China.