Hana Financial Group Chairman Ham Young-joo pledged to enhance wealth management services tailored to senior generations in Hong Kong, emphasizing the group’s global expertise and commitment to deepening ties between South Korea and the city’s financial sectors. Ham made the remarks during a meeting Thursday with Peter Lam, chairman of the Hong Kong Trade Development Council, following the South Korean financial delegation’s investor relations event in the city. The meeting als

Shares of local banks are putting up a fight in the bearish Korean stock market, as investors are pricing in expectations that lenders could excel in the second Donald Trump administration under softened regulation and higher interest rates. The KRX Banks index, representing shares of top financial service providers such as KB, Shinhan, Woori and Hana, closed at 913.69 on Nov. 7, up 2.33 percent on-day, after Trump secured his victory in the US presidential election. It was the highest-gaining i

Hana Financial Group's chief pitched the banking group's strategies to elevate its corporate value to overseas investors at an investor relations event in Hong Kong. Along with the chiefs of other top financial service providers in the country, Hana Financial Chairman Ham Young-joo attended the “Invest K-Finance” event, hosted by South Korea's Financial Supervisory Service. At the event, Ham introduced the group’s plan to boost corporate and shareholder value, ac

Hana Financial Group Chair Ham Young-joo (fourth from left) and other company executives join a "gimjang" or kimchi-making event at the group's headquarters in Seoul on Monday as part of the 2024 Modu Hana Day campaign. Some 300 people, including representatives of Hana's partner firms, participated in the annual event to donate 11,111 heads of kimchi to disadvantaged households. (Hana Financial Group)

MANAMA, Bahrain – Strengthening its partnership with Bahrain would open a door of opportunities in the Middle East for South Korea, an investment forum held by the Gulf island nation's economic board suggested. Bahrain hosted the second edition of Gateway Gulf on Sunday and Monday. This year’s Gateway Gulf was held six years after the inaugural edition in 2018. Arranged by the Bahrain Economic Development Board, it was held under the theme of “Investing in a Rapidly Transf

Hana Financial Group said Sunday that it has launched the 100th child care center in Bonghwa-gun, North Gyeongsang Province, as part of its 150 billion won ($108.6 billion) project aiming at addressing the nation’s chronically low birth rate. The Korean financial giant launched the project in 2018, with the aim of establishing a total of 100 child care centers nationwide in collaboration with provincial governments. "I am very pleased with this achievement after six years of efforts t

South Korean stocks started lower Wednesday due to losses from large-cap shares in tech and auto firms. The benchmark Korea Composite Stock Price Index lost 15.27 points, or 0.58 percent, to 2,602.53 in the first 15 minutes of trading. Overnight, Wall Street finished mixed. The Dow Jones Industrial Average fell 0.4 percent, while the Nasdaq composite rose 0.8 percent to a record high on better-than-expected earnings from Alphabet, the parent company of Google. In Seoul, most market heavyweights

Hana Financial Group announced Wednesday that it has opened the 99th nursery of its "100 Nursery Building Project" in Dongdaemun, central Seoul. The latest facility, "Hoegi Hana Nursery," is a public child care center serving multicultural families, offering space for up to 60 infants and children under five. The five-story building includes playrooms and an outdoor playground. Since launching the initiative in 2018, Hana Financial Group has partnered with regional government

Hana Financial Group said Tuesday that it is ramping up efforts to offer more tailor-made services for senior customers under the new brand name Hana The Next. The new launch, a collaboration of its key affiliates including Hana Bank, Hana Securities and Hana Insurance, will cover both financial and non-financial areas from retirement planning to consultations on inheritance and gift taxes to health care. The first customer is TV celebrity Kang Ho-dong, who has also been named as the brand ambas

The Korean equity market reacted to the launch of an index developed to address domestic companies' undervaluation with investors showing a preference for stocks included in the new index. Following the Korea Exchange’s unveiling of the Value-up Index, comprised 100 Korean stocks with stellar corporate value, on Tuesday, those that made the list, including Samsung Electronics and SK hynix showed a strong start in Wednesday morning trading. SK hynix and Samsung Electronics had gained

Samsung Electronics and the nation’s top five lenders have collaborated to create a 2 trillion won ($1.5 billion) fund to support small and medium-sized companies struggling to meet toughening carbon regulations at home and in overseas markets. On Tuesday, the tech giant, together with the nation’s top five financial groups and the Financial Supervisory Service, vowed to offer low-interest rates on loans to smaller businesses seeking to invest in low-emissions facilities, equipment o

With South Korea's sole bourse operator set to introduce this month a stock index comprised of Korean companies well complying with the government-led corporate value-up program, the market expects bank shares and large-cap stocks to make the list. As part of the value-up program announced earlier this year, Korea Exchange is to launch the Korea Value-up Index in September, enlisting “best practice” companies to boost the appeal of the local stock market. Though the bourse opera

Hana Financial Group on Friday concluded the 18th round of its Smart Ambassador program, a three-month initiative promoting its ESG, or environmental, social and governance activities. In the photo, Vice President Lee Eun-hyung (second row, center) poses with the student ambassadors during the closing ceremony at the company's headquarters in Myeong-dong, Seoul. Since June, 50 college students have engaged in various projects such as creating public relations content, visiting Hana affiliat

The terms of the CEOs at South Korea's five major commercial banks all end on Dec. 31, and speculation is mounting over their reappointments. Strong earnings across the sector, driven by high revenue and profits, may boost some CEOs' chances for an extension. However, others face uncertainty due to ongoing financial scandals and management issues, prompting regulators to call for tighter oversight. Additionally, CEOs' relationships with their respective holding group will also be

Hana Financial Group hosted a two-day workshop starting Monday at the Hana Global Campus in Incheon, focusing on global strategies and corporate culture to enhance employee capabilities and reinforce the company's commitment to customer-centric service. The seminar was attended by 29 employees from 19 countries. The picture shows Hana Financial Group Vice President Lee Eun-hyung (center) with the global participants. (Hana Financial Group)