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Hana Financial Group aims to become the best financial firm in Asia. This goal was revealed after it announced its growth strategies for this year.
The third largest financial group in South Korea revealed it would be seeking more merger and acquisition (M&A) deals overseas as part of its plan to achieve the goal. In addition, Hana Financial Group will boost its global business as well as its digital units while making its financial services better in 2023.
According to The Korea Herald, the company shared its vision during an event that was held at Kyung Hee University on Saturday, Jan. 28. Over 4,000 employees who are working for its 15 affiliates such as Hana Securities, Hana Card, Hana Bank, and Hana Capital were present at the event that was also attended by the firm’s chairman, Ham Young Joo.
Other top executives took part in the activity too. This was the company’s very first in-person event in more than three years since the start of the COVID-19 pandemic.
This year, Hana Financial said it would be focusing on making its global competitiveness stronger while providing diverse services at its 208 locations and offices across the Asia-Pacific, the Middle East, North America, and Europe under its Hana Bank and Hana Securities affiliates.
"Hana Financial Group is now truly the best financial group in Korea, with 1,100 branches and offices in and out of the nation and some 21,000 talented employees pursuing their dreams," Hana Financial’s chairman Ham Young Joo, said. "Let's reach our goal of becoming Asia's top financial company in 2023 with the group gathering under the motto of 'one spirit.”
Meanwhile, Hana Financial will be working on the expansion of its business overseas through stake acquisitions and M&As. The chairman said they need more merger deals to grow further in the finance industry.
"We will introduce differentiated strategies in 25 regions and 206 networks across the globe," The Korea Times quoted the firm’s spokesperson as saying in a statement. "Hana will also push for expansion into untapped territories via overseas mergers & acquisitions and digital localization."
