Summary
Hana Financial Group Inc., through its subsidiaries, provides financial services in South Korea. The company engages in the commercial and trust banking, foreign exchange, and merchant banking; investment trading, brokerage, advisory, investment, and finance arrangement and security investment trust services; and leasing, installment financing, and corporate and consumer loan businesses. It also provides real estate investment trust, life and non-life insurance, bancassurance, asset management and investment advisory, investment management, and loan products and services; property and liability insurance, reinsurance, and insurance payments; trust services for securities companies; and accounting and trust services for banks, pension funds, and other companies, as well as investments to venture firms and start-up companies. In addition, it offers mutual savings banking, transfer agent, private equity fund, investment consulting, real estate management, merger and acquisition transaction, and asset securitization services, as well as engages in the meat wholesale and seafood processing businesses. Further, the company develops and maintains software for the financial service industry. It also operates in Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally. Hana Financial Group Inc. was founded in 1971 and is based in Seoul, South Korea.
History
Hana Financial Group was established as Hana Bank's transition to a holding company. In 2005, Hana Bank was delisted and incorporated into Hana Financial Group as a subsidiary.In 2005, Hana Financial Group acquired Daehan Investment and Securities, then Korea's second-largest asset management company.
In 2012, Hana Financial Group acquired a 51.02 percent stake in Korea Exchange Bank from Lone Star Funds for KRW 2.02 trillion. Due to opposition from the KEB labor union, the merger between KEB and Hana Bank was delayed until 2015, and the two banks operated independently under the Hana Financial Group umbrella. An arbitration suit for additional compensation filed by Lone Star was dismissed in May 2019.
Mission
At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing.
Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.
Vision
Integrating the Investment Process State Street and Charles River Development share a common focus on helping clients achieve better investment outcomes. By combining our back- and middle-office expertise with Charles River Development’s complementary front-office tools and solutions, we aim to provide clients with a comprehensive servicing platform across the investment process, supported by deep enterprise data management capabilities. Our interoperable platform will also enable clients to integrate and align their preferred systems utilizing State Street provided data, as well as access to liquidity, insights and infrastructure.
Key Team
Mr. Byung-Joon Park (Exec. VP & COO)
Mr. Yong-Ro Yun (Head of Corp. & Investment Banking Bu)
Mr. Ji-Whoan Park (Sr. EVP & Head of Investment Banking Unit)
Mr. Gil-Joo Kwon (CIO, CCO, Head of Management Supporting Office & Deputy Pres)
Mr. G.H. Park (Head of IR Team)
Mr. Heui-Dae Kim (Deputy Pres & Chief Compliance Officer)
Mr. Yeong-Keun Ann (Sr. Exec. VP & CPRO)
Recognition and Awards
Hana Financial Group has been recognized for its leadership in innovation, customer service, and financial services excellence by numerous organizations, including the Financial Times and CNBC. Additionally, the company has garnered a range of awards for its leadership efforts, including the Financial Times Innovator of the Year Award, the CNBC Global Superego Award, and the Financial Times Best Fintech Award.
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