Hana Financial Group Inc. (086790.KS) Company Profile
Founded in 1971, Hana Financial Group Inc. (086790.KS), as one of the five major financial groups in South Korea, provides comprehensive financial services in many parts of the world through its subsidiaries. After several acquisitions and business integrations, it has been continuously growing and expanding.
I. Company Introduction
Hana Financial Group Inc. (086790.KS) was founded in 1971, with its headquarters situated in Seoul, South Korea. Through its subsidiaries, it provides financial services in South Korea, Hong Kong (China), Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and other international regions.
Official Website: https://www.hanafn.com/en/main/index.do
II. Main Business Segments
1. Deposit and Loan Business: It provides deposit services and issues loans for households, enterprises, car leasing, credit, equity support, and housing. It also offers loans to non-automotive sectors such as IT, medical equipment, and construction machinery.
2. Insurance Business: It offers a variety of insurance products and solutions, including vehicle insurance, general insurance, long-term health insurance, as well as life insurance and bancassurance services.
3. Payment and Foreign Exchange Business: It provides services for issuing and settling credit/debit cards and offers foreign exchange services.
4. Securities Business: It conducts securities trading, brokerage, and underwriting services.
5. Trust and Asset Services: It offers real estate investment trust and special asset investment trust services, along with corporate financial restructuring services.
6. Other Financial Services: It includes electronic document authentication, life and financial consulting, mobile remittance services, transfer agency services, as well as financial IT and system integration services. Additionally, it participates in asset management, seafood processing, real estate management activities, and investments in start-up enterprises.
III. Technological and Business Advantages
1. Extensive Business Network: Its business covers multiple countries and regions, enabling it to reach a large customer base and meet the financial needs of customers in different areas.
2. Diversified Business: It provides comprehensive financial services, and each business segment develops synergistically, enhancing customer loyalty and competitiveness.
3. Rich Merger and Acquisition Experience: Through multiple acquisitions and integrations, it has optimized its business structure, expanded its market share, and enhanced its overall strength.
IV. Development History
| Time | Key Events |
|---|---|
| 1971 | The company was established. |
| 1982 | GoldStar Investment & Finance was established. |
| July 1991 | Hana Bank was established. |
| June 1998 | Hana Bank acquired Chungchong Bank. |
| December 2002 | Acquired Seoul Bank. |
| February 2003 | Hana Life Insurance Company was established. |
| May 2005 | Hana Financial Group acquired Korea Investment & Securities. |
| December 2005 | Hana Financial Group was established, and Hana Bank delisted and merged as a subsidiary. |
| November 2009 | Hana Credit Card Company was established. |
| February 2010 | Hana Credit Card was renamed Hana SK Credit Card. |
| 2012 | Hana Financial Group acquired a 51.02% stake in Korea Exchange Bank from Lone Star Funds. Due to opposition from the labor union, the merger with Hana Bank was postponed to 2015. The arbitration lawsuit for additional compensation by Lone Star was rejected in May 2019. |
| February 2012 | Hana Savings Bank was established. |
| September 2014 | The credit card division of Korea Exchange Bank became independent as Korea Exchange Card. |
| December 2014 | Korea Exchange Card merged with Hana SK Credit Card to form Hana Credit Card. |
| September 2015 | Korea Exchange Bank merged with Hana Bank, KEB Hana Bank was established, and Hana Daetoo Securities was renamed Hana Financial Investment. |
| August 2016 | Hana Financial Investment merged with Hana Futures. |
| October 2016 | BNB Hana Bank was renamed Hana Bank USA. |
| May 2017 | Relocated the computing center to the International City of Dongchangla, Seocho-dong, Incheon Metropolitan City. |
| July 2017 | The business of Hana Financial Management Institute was transferred to KEB Hana Bank. |
| November 2017 | Hana Asset Management was renamed Hana Daetoo Investment & Asset Management. |
| February 2018 | Hana Capital was established. |
| October 2018 | Hana Ventures was established. |
| December 2019 | Hana Financial Corporation became a wholly-owned subsidiary. |
| February 2020 | KEB Hana Bank was renamed Hana Bank. |
| June 2020 | Hana Property and Casualty Insurance was established. |
| September 2021 | Its subsidiary Hana Financial Investment participated in Dunamu's 100 billion won secondary market investment |
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
