Ham Young-joo Inaugurated as Chairman of Hana Financial Group "Leap to Asia's Top Financial Group"

Ham Young-joo, Chairman of Hana Financial Group

[Asia Economy Reporter Changhwan Lee] Hana Financial Group announced on the 27th that Chairman Ham Young-joo was inaugurated as the next chairman of Hana Financial Group through the regular shareholders' meeting held at the Myeongdong headquarters on the 25th.

Chairman Ham succeeded Chairman Kim Jung-tae and will lead Hana Financial Group for the next three years.

Chairman Ham stated, "At the turning point of finance, including prolonged low growth due to COVID-19, accelerated aging, and the dissolution of boundaries in the financial industry, I will dedicate myself to enhancing shareholder and corporate value and growing Hana Financial into the true top financial group in Asia through transparent, fair, and stable governance."

To this end, the three major strategies presented by Chairman Ham are ▲ maximizing strengths and restructuring non-bank businesses ▲ strengthening the status as a global leading financial group ▲ and innovating digital finance.

Chairman Ham emphasized Hana Financial Group’s unique ‘maximization of strengths’ and plans to implement an omni-channel organically connecting online and offline through the human touch advantage of face-to-face channels and digital channel innovation, while strengthening asset management and corporate finance competitiveness.

He also plans to complete the two major growth engines centered on banking and securities, nurture and strengthen competitiveness of card, capital, and insurance as core affiliates. The non-bank business portfolio will be restructured through mergers and acquisitions (M&A) in the non-bank sector and enhanced corporate finance collaboration among group affiliates.

To further strengthen its status as a global leading financial group, localization centered on the Asian region will be intensified, and global expansion of the non-bank sector will be expanded.

For this, M&A and equity investments in high-growth Asian regions such as Indonesia and Vietnam will be expanded. In advanced markets such as the Americas and Eurozone, investment banking (IB) and corporate finance will be strengthened in connection with domestic companies entering those markets, presenting a blueprint to grow into the ‘best financial group in Asia.’

Additionally, through open digital innovation connecting internal and external capabilities of the group, it promised to transform into a customer-centered, people-centered financial platform company. To this end, it will strengthen technological capabilities through digital talent development, active investment, and internalization.

Chairman Ham also presented the direction for realizing social value as ‘finance growing together.’ To this end, it will build a foundation for ‘ESG finance’ such as disclosure and screening and expand investments in low-carbon and eco-friendly industries.

Social responsibility activities such as building daycare centers and supporting multicultural families will continue, and transparent management will be strengthened through thorough autonomous and responsible management centered on subsidiary CEOs (Chief Executive Officers).

Furthermore, Chairman Ham conveyed the four-character idiom ‘Yeomgujaksin (染舊作新),’ meaning dyeing the old to create the new, to Hana Financial Group employees.

He said, “Only when the past achievements and current efforts made together by employees come together will the true new future of Hana Financial Group open,” adding, “For the joy of all, I will take the lead in pioneering the way.”

Meanwhile, considering socially difficult situations such as the spread of COVID-19 and wildfire disasters, Hana Financial Group decided not to hold a separate inauguration ceremony.

The costs for the inauguration ceremony will be given as encouragement money to dispatched workers who perform security, cleaning, facilities, and parking management in unseen places of the group’s headquarters buildings.

This content was produced with the assistance of AI translation services.