Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
Hana Bank has set up a commercial bank in Taiwan, and its office is located in the country’s capital of Taipei. With this new location, the financial company has become the first South Korean commercial bank to open a branch in the region.
As per The Korea Times, Hana Bank announced the opening of its new Taipei office earlier this week. It said that the goal of having this branch is to tap into Taiwan’s investment banking market.
With its move to build a unit in the country, Hana Bank is now the only bank with a financial network within South Korea’s 10 major trading partners that includes the United States, Vietnam, and China. The company was able to open its Taiwan branch after securing a license from the nation’s financial authority.
This gives Hana Bank the permission to have an office and operate its business here. It was further mentioned that the license also allows the Korean banking institution to offer retail banking and local currency-based corporate financing services to the locals.
"The opening of the Taipei office is meaningful, as the prolonged COVID-19 shock has caused difficulties in doing business here and abroad," Hana Bank’s vice president of global business, Lee Jong Seung, said in a statement. "We are going to provide an advanced level of financial services to local citizens as well as Korean companies there."
Yonhap News Agency reported that Hana Bank stated its Taipei location will be dealing with foreign currency business in addition to the corporate and retail financial services. Moreover, the company is expecting to benefit from both the South Korean and Taiwanese companies that will seek out its services.
Meanwhile, the bank is looking to get itself involved in investments from Taiwan’s infrastructural businesses, such as the energy units, airlines, and railway divisions. Once this happens, Hana Bank said there is a high possibility that it can also become the main outpost for investment banking in Asia.
Finally, with the new branch, the company now has 192 networks in 25 countries worldwide. These numbers and reach make Hana Bank the largest in terms of scale among the Korean banks.
