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{{short description|South Korean company}}
{{Short description|South Korean financial holding company}}
{{prose|date=October 2015}}
{{more citations needed|date=August 2012}}
{{Infobox company
{{Infobox company
| name = Hana Financial Group, Inc.<br />하나금융그룹
| name = Hana Financial Group Inc.
| logo = Hana Financial Group Company Logo.jpg
| logo = File:Hana Financial Group Logo (eng).svg
| logo_size = 110px
| logo_size =
| logo_alt =
| type = [[public company|Public]] (traded on the [[Korea Stock Exchange]])
| logo_caption =
| image =
| image_size =
| image_alt =
| image_caption =
| trade_name =
| native_name = 주식회사 하나금융지주
| native_name_lang = ko
| romanized_name =
| former_name =
| type = [[Public company|Public]]
| traded_as = {{kse|086790}}
| traded_as = {{kse|086790}}
| ISIN =
| foundation = {{start date and age|1971}}
| location = [[Seoul]], [[South Korea]]
| industry = [[Financial services]]
| genre =
| key_people = Kim Jung-Tai, [[Chairman & CEO]]
| predecessor = <!-- or: | predecessors = -->
| num_employees = 20,859 (Dec. 2018)
| founded = {{start date and age|2005|12}}
| products = [[Financial services]]
| founder = <!-- or: | founders = -->
| homepage = {{URL|http://www.hanafn.com/}}
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
| fate =
| successor = <!-- or: | successors = -->
| hq_location =
| hq_location_city = [[Seoul]]
| hq_location_country = South Korea
| num_locations =
| num_locations_year = <!-- Year of num_locations data (if known) -->
| area_served = <!-- or: | areas_served = -->
| key_people = Kim Jung-tai ([[Chief executive officer|CEO]])
| products =
| production =
| production_year = <!-- Year of production data (if known) -->
| brands =
| services =
| revenue =
| revenue_year = <!-- Year of revenue data (if known) -->
| operating_income =
| income_year = <!-- Year of operating_income data (if known) -->
| net_income = <!-- or: | profit = -->
| net_income_year = <!-- or: | profit_year = --><!-- Year of net_income/profit data (if known) -->
| aum = <!-- Only for financial-service companies -->
| assets =
| assets_year = <!-- Year of assets data (if known) -->
| equity =
| equity_year = <!-- Year of equity data (if known) -->
| owner = <!-- or: | owners = -->
| members =
| members_year = <!-- Year of members data (if known) -->
| num_employees =
| num_employees_year = <!-- Year of num_employees data (if known) -->
| parent =
| divisions =
| subsid = [[Hana Bank]]
| module = <!-- Used to embed other templates -->
| ratio = <!-- Basel III ratio; used for banks only -->
| rating = <!-- Credit rating; used for banks only -->
| website = {{URL|https://www.hanafn.com/en/main/index.do|www.hanafn.com}}
| footnotes =
}}
}}


'''Hana Financial Group Inc.''' ({{Korean |hangul=주식회사 하나금융지주 |rr=Jusik Hoesa Hana Geumyung Jiju}}) is a financial [[holding company]] headquartered in [[Seoul]], [[South Korea]].<ref>{{cite news |author=<!--Staff writer(s)/no by-line.--> |date=June 14, 2021 |title=Hana Financial wins preliminary nod for asset manager in Singapore |url=https://en.yna.co.kr/view/AEN20210614002600320 |work=[[Yonhap News Agency|Yonhap]] |location=[[Seoul]] |access-date=November 7, 2021}}</ref>
'''Hana Financial Group''' is the third largest financial group in South Korea by market capitalization.{{Citation needed|date=April 2020}}


== History ==
== History ==
Hana Financial Group was established as Hana Bank's transition to a holding company.<ref>{{cite book |last=Loosvelt |first=Dereck |author-link= |date=June 14, 2005 |title=Vault Guide to the Top Financial Services Employers |url=https://books.google.com/books?id=Jn6cBVJVqpMC&q=hana+financial%3Dfalse |location= |publisher= |page=244 |isbn=9781581314168}}</ref> In 2005, Hana Bank was delisted and incorporated into Hana Financial Group as a subsidiary.<ref>{{cite news |last=Nam |first=Rafael |date=June 12, 2007 |title=Allianz sells stake in Hana for $499 mln-source |url=https://www.reuters.com/article/idUSSEO18232020070612 |url-status= |work=[[Reuters]] |location=[[Seoul]] |archive-url= |archive-date= |access-date=November 7, 2021}}</ref>
Hana Financial Group was established in 1971 as '''Korea Investment & Finance''', Korea's first financial company established solely by private funds. In 1991, Korea Investment & Finance was converted into a commercial bank and renamed Hana Bank.<ref>{{Cite book|last1=Nard|first1=Craig Allen|url=https://books.google.com/books?id=T-zfDgAAQBAJ&dq=hana+financial+group+established+in+1971+as+Korea+Investment+%26+Finance|title=The Law of Intellectual Property: Aspen Casebook Series|last2=Madison|first2=Michael J.|last3=McKenna|first3=Mark P.|publisher=Wolters Kluwer Law & Business|year=2017|isbn=9781454886655|location=|pages=}}</ref>


In 2005, Hana Financial Group acquired Daehan Investment and Securities, then Korea's second-largest asset management company.
In 1998, in the wake of the [[1997 Asian financial crisis|Asian financial crisis]], Hana Bank merged with Chungchong Bank and Boram Bank. In 2002, Hana Bank acquired Seoul Bank.


In 2012, Hana Financial Group acquired a 51.02 percent stake in [[Korea Exchange Bank]] (KEB) from [[Lone Star Funds]] for KRW 2.02 trillion.<ref name=":0">{{Cite news|url=http://www.koreaherald.com/view.php?ud=20190515000660|title=Hana Financial wins suit against Lone Star on KEB deal|last=Sohn|first=Ji-young|date=May 15, 2019|work=[[The Korea Herald]]|access-date=Nov 23, 2019}}</ref> 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.<ref>{{Cite news|url=http://www.koreaherald.com/view.php?ud=20150713000905|title=Hana, KEB union agree on merger|last=Chung|first=Joo-won|date=Jul 13, 2015|work=[[The Korea Herald]]|access-date=Nov 23, 2019}}</ref> An arbitration suit for additional compensation filed by Lone Star was dismissed in May 2019.<ref name=":0" />
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]] (KEB) from [[Lone Star Funds]] for KRW 2.02 trillion.<ref name=":0">{{Cite news|url=http://www.koreaherald.com/view.php?ud=20190515000660|title=Hana Financial wins suit against Lone Star on KEB deal|last=Sohn|first=Ji-young|date=May 15, 2019|work=The Korea Herald|access-date=Nov 23, 2019}}</ref> 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.<ref>{{Cite news|url=http://www.koreaherald.com/view.php?ud=20150713000905|title=Hana, KEB union agree on merger|last=Chung|first=Joo-won|date=Jul 13, 2015|work=The Korea Herald|access-date=Nov 23, 2019}}</ref> An arbitration suit for additional compensation filed by Lone Star was dismissed in May 2019.<ref name=":0" />


== Subsidiaries ==
== Subsidiaries ==
*[[Hana Bank]]

*Hana Securities co., LTD (formerly Hana Financial Investment , Hana Daetoo Securities)
*Hana Bank
*KEB Hana Card
*Hana Capital
*Hana Life (formerly Hana HSBC Insurance)
*Hana Insurance
*Hana Savings Bank
*Hana Asset Trust
*Hana Alternative Asset Management
*Hana F&I
*Hana F&I
*Hana Futures
*Hana Ventures
*Hana Investor Services
*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 TI
*Hana TI
*Hana Institute of Finance
*Hana Financial Find
*Hana Savings Bank
*Overseas Units: Hana Bank (China), PT Bank Hana (Indonesia), Hana Asia Limited (Hong Kong)
*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
*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.
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.


==Overseas operations==
==Overseas operations==
Subsidiaries of Hana Financial Group are active in 24 countries, spanning Asia, the Americas, Europe and the Middle East.<ref>{{Cite book|url=|title=Annual Report 2018|last=|first=|publisher=Hana Financial Group|year=|isbn=|location=|pages=11}}</ref> In particular, Hana Financial Group has substantial equity investments in banks in China, Indonesia and Vietnam.
Subsidiaries of Hana Financial Group are active in 24 countries, spanning Asia, the Americas, Europe and the Middle East.<ref>{{Cite book|title=Annual Report 2018|publisher=Hana Financial Group|pages=11}}</ref> In particular, Hana Financial Group has substantial equity investments in banks in China, Indonesia and Vietnam.


In 2007 Hana Financial Group established a subsidiary in China, Hana Bank China. In 2009 Hana Bank China was licensed to perform transactions involving [[Renminbi]] and debit card transactions. A year later, Hana Financial Group acquired an 18.44% stake in the Bank of Jilin Co. Ltd.<ref>{{cite web|url=http://www.chinadaily.com.cn/bizchina/2009-09/07/content_8662667.htm|title=S Korea's Hana Bank to invest in China's Bank of Jilin|website=www.chinadaily.com.cn}}</ref> In January, 2011 the group entered into a strategic alliance with the China Merchants Bank.
In 2007 Hana Financial Group established a subsidiary in China, Hana Bank China. In 2009 Hana Bank China was licensed to perform transactions involving [[Renminbi]] and debit card transactions. A year later, Hana Financial Group acquired an 18.44% stake in the Bank of Jilin Co. Ltd.<ref>{{cite web|url=http://www.chinadaily.com.cn/bizchina/2009-09/07/content_8662667.htm|title=S Korea's Hana Bank to invest in China's Bank of Jilin|website=www.chinadaily.com.cn}}</ref> In January, 2011 the group entered into a strategic alliance with the China Merchants Bank.


Bank Bintang Manunggal was acquired by Hana Financial Group in 2007, and renamed PT. Bank Hana in 2008. The Indonesian subsidiary of Hana Financial Group acquired Bank KEB Indonesia as part of the group's global acquisition in 2014, and recently established LINE BANK by Hana Bank, a joint venture with [[Z Holdings|LINE Financial Asia]] in 2021.<ref>{{Cite web|title=PT. Bank KEB Hana Indonesia|url=https://www.hanabank.co.id/about/profile/milestones|access-date=2021-06-15|website=www.hanabank.co.id}}</ref><ref>{{Cite web|date=2021-06-11|title=Digandeng Bank KEB Hana, Line Bank Masuk RI Menyasar Pasar Milenial - Keuangan Katadata.co.id|url=https://katadata.co.id/intannirmala/finansial/60c2ff35d0808/digandeng-bank-keb-hana-line-bank-masuk-ri-menyasar-pasar-milenial|access-date=2021-06-15|website=katadata.co.id|language=id}}</ref>
PT Bank KEB Hana was set up in 2007 as Hana Financial Group's subsidiary in Indonesia.


In 2019, Hana Financial Group's subsidiary KEB Hana Bank acquired a 15% stake in Vietnam's [[Bank for Investment and Development of Vietnam|BIDV]].<ref>{{Cite news|url=https://www.reuters.com/article/bidv-ma-hana-fin-grp/skoreas-hana-bank-completes-875-mln-acquisition-of-15-stake-in-vietnams-bidv-idUSL4N27R1X3|title=S.Korea's Hana Bank completes $875 mln acquisition of 15% stake in Vietnam's BIDV|last=|first=|date=Nov 11, 2019|work=Reuters|access-date=Nov 24, 2019}}</ref>
In 2019, Hana Financial Group's subsidiary KEB Hana Bank acquired a 15% stake in Vietnam's [[Bank for Investment and Development of Vietnam|BIDV]].<ref>{{Cite news|url=https://www.reuters.com/article/bidv-ma-hana-fin-grp/skoreas-hana-bank-completes-875-mln-acquisition-of-15-stake-in-vietnams-bidv-idUSL4N27R1X3|title=S.Korea's Hana Bank completes $875 mln acquisition of 15% stake in Vietnam's BIDV|date=Nov 11, 2019|work=Reuters|access-date=Nov 24, 2019}}</ref>


==See also==
==See also==
[[List of Banks in South Korea]]
{{Portal|Banks}}
*[[List of Banks in South Korea]]
*[[Daejeon Hana Citizen FC]]
*[[Bucheon Hana 1Q]]


==References==
==References==
Line 65: Line 112:


==External links==
==External links==
* [http://www.hanafn.com Hana Financial Group]
* {{Official website|https://www.hanafn.com:8002/eng/main.do}}
{{Finance links
* [http://www.hanabank.com KEB Hana Bank]
|name= Hana Financial Group
{{Portal|Banks}}
|google= 086790:KRX
|yahoo= 086790.KS
|bloomberg= 086790:KS
|reuters= 086790.KS
}}


{{KFA sponsors}}
{{KOSPI 200}}
{{Authority control}}


[[Category:Banks of South Korea]]
[[Category:Financial services companies of South Korea]]
[[Category:Financial services companies of South Korea]]
[[Category:Companies listed on the Korea Exchange]]
[[Category:Companies listed on the Korea Exchange]]
[[Category:Companies in the KOSPI 200]]
[[Category:Companies based in Seoul]]
[[Category:Companies based in Seoul]]
[[Category:Banks established in 1971]]
[[Category:2005 establishments in South Korea]]
[[Category:South Korean brands]]
[[Category:South Korean brands]]

Latest revision as of 08:30, 19 March 2024

Hana Financial Group Inc.
Native name
주식회사 하나금융지주
Company typePublic
KRX: 086790
IndustryFinancial services
FoundedDecember 2005; 19 years ago (2005-12)
Headquarters
Seoul
,
South Korea
Key people
Kim Jung-tai (CEO)
SubsidiariesHana Bank
Websitewww.hanafn.com

Hana Financial Group Inc. (Korean: 주식회사 하나금융지주; RR: Jusik Hoesa Hana Geumyung Jiju) is a financial holding company headquartered in Seoul, South Korea.[1]

History

[edit]

Hana Financial Group was established as Hana Bank's transition to a holding company.[2] In 2005, Hana Bank was delisted and incorporated into Hana Financial Group as a subsidiary.[3]

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 (KEB) from Lone Star Funds for KRW 2.02 trillion.[4] 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.[5] An arbitration suit for additional compensation filed by Lone Star was dismissed in May 2019.[4]

Subsidiaries

[edit]
  • Hana Bank
  • Hana Securities co., LTD (formerly Hana Financial Investment , Hana Daetoo Securities)
  • KEB Hana Card
  • Hana Capital
  • Hana Life (formerly Hana HSBC Insurance)
  • Hana Insurance
  • Hana Savings Bank
  • Hana Asset Trust
  • Hana Alternative Asset Management
  • Hana F&I
  • Hana Ventures
  • Hana Investor Services
  • Hana TI
  • Hana Financial Find
  • 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.

Overseas operations

[edit]

Subsidiaries of Hana Financial Group are active in 24 countries, spanning Asia, the Americas, Europe and the Middle East.[6] In particular, Hana Financial Group has substantial equity investments in banks in China, Indonesia and Vietnam.

In 2007 Hana Financial Group established a subsidiary in China, Hana Bank China. In 2009 Hana Bank China was licensed to perform transactions involving Renminbi and debit card transactions. A year later, Hana Financial Group acquired an 18.44% stake in the Bank of Jilin Co. Ltd.[7] In January, 2011 the group entered into a strategic alliance with the China Merchants Bank.

Bank Bintang Manunggal was acquired by Hana Financial Group in 2007, and renamed PT. Bank Hana in 2008. The Indonesian subsidiary of Hana Financial Group acquired Bank KEB Indonesia as part of the group's global acquisition in 2014, and recently established LINE BANK by Hana Bank, a joint venture with LINE Financial Asia in 2021.[8][9]

In 2019, Hana Financial Group's subsidiary KEB Hana Bank acquired a 15% stake in Vietnam's BIDV.[10]

See also

[edit]

References

[edit]
  1. ^ "Hana Financial wins preliminary nod for asset manager in Singapore". Yonhap. Seoul. June 14, 2021. Retrieved November 7, 2021.
  2. ^ Loosvelt, Dereck (June 14, 2005). Vault Guide to the Top Financial Services Employers. p. 244. ISBN 9781581314168.
  3. ^ Nam, Rafael (June 12, 2007). "Allianz sells stake in Hana for $499 mln-source". Reuters. Seoul. Retrieved November 7, 2021.
  4. ^ a b Sohn, Ji-young (May 15, 2019). "Hana Financial wins suit against Lone Star on KEB deal". The Korea Herald. Retrieved Nov 23, 2019.
  5. ^ Chung, Joo-won (Jul 13, 2015). "Hana, KEB union agree on merger". The Korea Herald. Retrieved Nov 23, 2019.
  6. ^ Annual Report 2018. Hana Financial Group. p. 11.
  7. ^ "S Korea's Hana Bank to invest in China's Bank of Jilin". www.chinadaily.com.cn.
  8. ^ "PT. Bank KEB Hana Indonesia". www.hanabank.co.id. Retrieved 2021-06-15.
  9. ^ "Digandeng Bank KEB Hana, Line Bank Masuk RI Menyasar Pasar Milenial - Keuangan Katadata.co.id". katadata.co.id (in Indonesian). 2021-06-11. Retrieved 2021-06-15.
  10. ^ "S.Korea's Hana Bank completes $875 mln acquisition of 15% stake in Vietnam's BIDV". Reuters. Nov 11, 2019. Retrieved Nov 24, 2019.
[edit]
  • Official website
  • Business data for Hana Financial Group:
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