Hana Financial Group has joined the Community Chest of Korea's 100 billion won ($69.6 million) donation club for the nonprofit's "Hope Sharing Campaign," contributing approximately 113.5 billion won since 2003. This includes 15 billion won donated Tuesday as part of the "2025 Hope Sharing Campaign," which supports underrepresented communities and promotes a sustainable future. In the photo, Hana Financial Group Chairman Ham Young-joo (left) poses with Community Ches

Hana Financial Group on Thursday named Lee Ho-seoung, CEO of its card unit, as the final candidate to lead Hana Bank in a major leadership reshuffle at its subsidiaries. The group announced that its CEO recommendation committee had finalized candidates for top posts at three key subsidiaries -- Hana Bank, Hana Card and Hana Securities -- focusing on candidates with expertise in internal controls and sales. “Amid heightened volatility and uncertainty in domestic and global financial markets

Hana Financial Group on Tuesday announced bolstered engagement with foreign investors and regulators, as market volatility intensifies amid South Korea's ongoing political turmoil. The group said that it sent letters to overseas investors on Monday, assuring them of the implementation of value-enhancement measures based on its commitment to improving shareholder rights and reinforcing its strong fundamentals. In October, the finance giant unveiled a corporate value-up plan, outlining target

ABU DHABI, UAE, Dec. 10, 2024 /PRNewswire/ -- Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Chairman of the Executive Council, one of MENA's most anticipated four-day event series – Abu Dhabi Finance Week (ADFW) commenced with a grand opening ceremony in the ADQ Arena in ADGM, setting the stage for more than 60 events and breakout events throughout the week. In an exclusive setting, with ADQ as the headline part

South Korea’s stock market was already on fragile ground before President Yoon Suk Yeol’s unexpected martial law declaration further undermined the government’s yearlong push to boost corporate value. Foreign investors sold a net 200 billion won ($141 million) on the benchmark Kospi within the first two hours of Thursday’s trading, extending the 400 billion won offloaded the previous day after the six-hour martial law announcement. As of 3 p.m., foreign investors had dump

Six hours of unexpected martial law have rattled local markets, with volatility expected to persist despite the lifting of the emergency measure. In response to potential aftershocks, local authorities have pledged comprehensive actions to ensure normal operations and stabilize volatility, including the government's commitment to injecting "unlimited liquidity." "The foreign exchange market and overseas trading of Korean stocks, unsettled by last night’s martial law dec

Hana Financial Group recently hosted a ceremony with the Korean Ministry of SMEs and Startups to celebrate surpassing 10,000 holders of its savings accounts tailored for small and medium-sized enterprise workers. Late last month, Hana Bank launched a savings program in collaboration with the ministry to support the growth of SMEs by helping their employees build a nest egg and encouraging longer tenures with their companies. Employees who deposit at least 100,000 won ($71.6) per month can receiv

Hana Financial Group held the fourth edition of its "Hana Waves" conference on Monday to empower female leaders within the organization. Launched in 2021, the program aims to enhance women's leadership capacities and increase their presence, driving innovation through their actions, voices and emotions. Monday's conference, which marked the conclusion of the program's monthslong journey, was attended by Group Chairman Ham Young-joo. In the photo, Ham (front row, eighth f

South Korean banks will head to Las Vegas next January for CES 2025, with some set to showcase their latest artificial intelligence-driven financial technologies at the world’s largest consumer electronics event. Among the participants will be Shinhan Bank, returning for a third consecutive year to host its own booth at the global expo. This year, the bank will highlight two of its newest innovations -- "AI Investment Mate" and "AI Branch." "AI Investment Mate,&quo

Woori Bank CEO Cho Byung-kyu is stepping down in disgrace as legal risks surrounding the bank and its parent group intensify. According to industry sources on Sunday, the board of Woori Financial Group, the holding company of Woori Bank, on Friday decided against reappointing Cho following the expiration of his current term at the end of this year. The decision came hours after local prosecutors filed an arrest warrant for former Woori Financial Chairman Son Tae-seung on charges of breach of tru

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