Hana Financial Group

Hana Financial Group is a Seoul-based South Korean financial holding company organized around Hana Bank and a broad network of financial subsidiaries. Its activities cover commercial and retail banking, securities, credit cards, consumer finance, insurance, asset management, trust services, venture investment, information technology, and investor services. The group serves individuals, small businesses, corporations, institutional investors, and public-sector clients. The group was created in 2005 as Hana Bank was reorganized into a financial holding structure. As part of that transition, Hana Bank was delisted and became a subsidiary of the new holding company. In the same year, the group expanded beyond banking by acquiring Daehan Investment and Securities, then one of South Korea's largest asset-management businesses. This transaction established a broader platform for investment and wealth-management services. A major turning point came in 2012, when Hana Financial Group acquired a 51.02 percent interest in Korea Exchange Bank from Lone Star Funds for KRW 2.02 trillion. Korea Exchange Bank, commonly known as KEB, strengthened the group's corporate banking, foreign-exchange, trade-finance, and international capabilities. Labor opposition delayed the integration of KEB and Hana Bank; the two institutions continued to operate separately under the group until their merger was completed in 2015. A subsequent Lone Star arbitration claim seeking additional compensation was dismissed in May 2019. Hana's operating footprint extends well beyond South Korea. Its subsidiaries and affiliates have operated across Asia, the Americas, Europe, and the Middle East, with notable banking and equity-investment activities in China, Indonesia, and Vietnam. The group established Hana Bank China in 2007, obtained expanded renminbi and debit-card transaction permissions in 2009, and acquired an 18.44 percent interest in Bank of Jilin in 2010. It also entered a strategic alliance with China Merchants Bank in 2011. In Indonesia, the group acquired Bank Bintang Manunggal in 2007, renamed it PT Bank Hana in 2008, and later combined its Indonesian operations with Bank KEB Indonesia following the wider KEB transaction. In 2021, it launched LINE Bank by Hana Bank through a partnership involving LINE Financial Asia. In Vietnam, KEB Hana Bank acquired a 15 percent stake in BIDV in 2019. The group's principal Korean businesses include Hana Bank, Hana Securities, KEB Hana Card, Hana Capital, Hana Life, Hana Insurance, Hana Savings Bank, Hana Asset Trust, Hana Alternative Asset Management, Hana F&I, Hana Ventures, Hana Investor Services, Hana TI, and Hana Financial Find. International units include Hana Bank China, PT Bank Hana in Indonesia, Hana Asia in Hong Kong, and BNB Hana Bank in the New York and New Jersey area. Hana Financial Group should not be confused with the separate Los Angeles-based Hana Financial, Inc., a non-bank lender and factoring company that is not a member of this group. Hana Financial Group is generally positioned as a comprehensive financial platform combining a major domestic bank with capital-markets, insurance, consumer-finance, and overseas businesses. Public descriptions emphasize service to both retail and corporate customers, international connectivity, and diversification across financial sectors. In 2025, the group was reported as one of South Korea's four largest financial holding companies and recorded approximately KRW 4.0 trillion in net profit, representing a reported 7.1 percent increase for that year.

Hana Financial Group was established in 2005 through the conversion of Hana Bank into a financial holding-company structure. Hana Bank was delisted and placed under the new holding company as a subsidiary. The group's first major diversification move came in the same year, when it acquired Daehan Investment and Securities, a leading South Korean asset-management and securities business. The transaction broadened Hana's activities beyond deposit-taking and lending. The group's most consequential expansion was its 2012 acquisition of a 51.02 percent stake in Korea Exchange Bank from Lone Star Funds for KRW 2.02 trillion. KEB added scale and expertise in corporate banking, foreign exchange, trade finance, and international markets. Integration was politically and operationally difficult. The KEB labor union opposed the merger with Hana Bank, and the two banks consequently continued to operate independently within the Hana Financial Group umbrella for several years. The merger was eventually completed in 2015, creating the institution now known as KEB Hana Bank. Lone Star later pursued an arbitration claim for additional compensation related to the transaction; the claim was dismissed in May 2019. International expansion developed in parallel. Hana Financial Group established Hana Bank China in 2007, and the Chinese subsidiary received authorization in 2009 for renminbi-related transactions and debit-card transactions. In 2010, the group acquired an 18.44 percent stake in Bank of Jilin. A strategic alliance with China Merchants Bank followed in 2011. In Indonesia, the group acquired Bank Bintang Manunggal in 2007 and renamed it PT Bank Hana the following year. The Indonesian business later acquired Bank KEB Indonesia in connection with the broader KEB expansion. In 2021, Hana introduced LINE Bank by Hana Bank through a partnership with LINE Financial Asia. The group's Vietnam presence was strengthened in 2019 when KEB Hana Bank acquired 15 percent of BIDV. Over time, Hana Financial Group developed a multi-business portfolio. Hana Bank remains the central operating subsidiary, while Hana Securities provides securities and capital-markets services. Other affiliates cover cards, consumer finance, life and general insurance, savings banking, asset trusts, alternative assets, venture investment, financial information technology, investor services, and financial research or support functions. The group also maintains overseas units in China, Indonesia, Hong Kong, the United States, and other regions. The group is one of South Korea's major financial holding companies. Its structure allows it to combine banking relationships with investment, insurance, payments, asset-management, and international services. Publicly available descriptions identify operations or subsidiaries across 24 countries spanning Asia, the Americas, Europe, and the Middle East. In 2025, Hana was reported to have generated approximately KRW 4.0 trillion in net profit, up 7.1 percent, as part of the combined earnings reported by South Korea's four largest financial holding companies.

1. 2021LINE Bank by Hana Bank is established

   Hana's Indonesian banking operation launches a digital-bank venture with LINE Financial Asia.

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2. 2019Investment in BIDV

   KEB Hana Bank acquires a 15 percent stake in Vietnam's BIDV.

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3. 2015KEB and Hana Bank merger is completed

   After several years of separate operation under the holding company, Korea Exchange Bank and Hana Bank are merged.

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4. 2012Korea Exchange Bank stake is acquired

   Hana Financial Group purchases a 51.02 percent stake in Korea Exchange Bank from Lone Star Funds for KRW 2.02 trillion.

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5. 2007Hana expands into China and Indonesia

   Hana Bank China is established, while Bank Bintang Manunggal is acquired in Indonesia.

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6. 2005Hana Financial Group is established

   Hana Bank is reorganized into a financial holding-company structure, with the bank becoming a subsidiary after delisting.

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7. 2005Daehan Investment and Securities is acquired

   The group expands into securities and asset management through the acquisition of Daehan Investment and Securities.

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A diversified South Korean financial group combining a major commercial bank with capital-markets, insurance, consumer-finance, asset-management, and international banking capabilities.

• Hana BankCommercial and retail banking

  The group's core banking subsidiary, providing retail deposits, loans, payments, corporate banking, foreign exchange, trade finance, and other financial services. It operates in South Korea and through overseas units and affiliates.

• Hana SecuritiesSecurities and capital markets

  The group's securities business, formerly associated with Hana Financial Investment and Hana Daetoo Securities. Its activities include brokerage, investment banking, securities dealing, and services for institutional and wealth-management customers.

• KEB Hana CardCredit cards and payments

  A card and payment-services business serving consumer and corporate customers. It complements the group's banking franchise with credit-card issuance, payment transactions, and related consumer-finance products.

• Hana CapitalConsumer and corporate finance

  A specialized finance subsidiary associated with consumer lending, installment finance, leasing, and other non-bank financing activities within the group's diversified portfolio.

• Hana Life and Hana InsuranceInsurance

  The group's insurance businesses, covering life and general-insurance activities. Hana Life was formerly known as Hana HSBC Insurance, while Hana Insurance represents the group's general-insurance business.

• Hana Asset Trust and Hana Alternative Asset ManagementAsset management and trust services

  Specialized investment and fiduciary businesses providing trust, asset-management, and alternative-investment capabilities to individual, corporate, and institutional clients.

• LINE Bank by Hana BankDigital banking2021

  A digital-banking venture established in Indonesia through Hana's local banking operation and a partnership with LINE Financial Asia. It extends Hana's consumer-banking model into app-based financial services.

• 2021Launch of LINE Bank by Hana BankProduct launch

  Hana sought to expand digital banking in Indonesia through a technology and platform partnership.

  What changed. Hana's Indonesian operation established LINE Bank by Hana Bank with LINE Financial Asia.

  Aftermath. The venture added a digital consumer-banking channel to Hana's Indonesian presence.

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• 2012Acquisition of Korea Exchange BankM&A

  Hana Financial Group pursued greater scale and stronger corporate and international banking capabilities.

  What changed. The group acquired a 51.02 percent stake in Korea Exchange Bank from Lone Star Funds.

  Aftermath. KEB and Hana Bank initially operated separately because of labor opposition, before merging in 2015. A later Lone Star arbitration claim was dismissed in 2019.

  Purchase price. KRW 2.02 trillion (2012 acquisition)

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• 2005Conversion to a financial holding-company structureStrategy

  Hana Bank sought a structure that could support broader financial businesses beyond traditional banking.

  What changed. Hana Bank was delisted and incorporated as a subsidiary of the newly established Hana Financial Group.

  Aftermath. The reorganization created the platform for subsequent expansion into securities, insurance, cards, asset management, and overseas banking.

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• 2025Hana Financial Group reports approximately KRW 4.0 trillion net profit for 2025

  Hana Financial Group was reported to have earned approximately KRW 4.0 trillion in net profit in 2025, a year-on-year increase of 7.1 percent. The result placed it among the four largest South Korean financial holding companies by combined industry earnings.

  Other
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• 2021LINE Bank by Hana Bank launches in Indonesia

  Hana's Indonesian banking operation established LINE Bank by Hana Bank in partnership with LINE Financial Asia, extending the group's digital-banking offering in Indonesia.

  Product launch
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• 2019Lone Star arbitration claim against Hana Financial Group is dismissed

  An arbitration claim by Lone Star Funds seeking additional compensation connected with the Korea Exchange Bank transaction was dismissed in May 2019.

  Lawsuit
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• 2019Hana subsidiary acquires a stake in BIDV

  KEB Hana Bank acquired a 15 percent interest in Vietnam's Bank for Investment and Development of Vietnam, expanding Hana's strategic presence in the Vietnamese banking market.

  M&A
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1. Hana Financial Group
2. Hana Financial Group official website