Hamyungju, New Chairman of Hana Financial Group, "We Will Become Asia's Leading Financial Group" (Comprehensive)

[Image source=Yonhap News]

[Asia Economy Reporter Seomideum] Ham Young-joo, the newly appointed chairman of Hana Financial Group, stated on the 27th, "I will dedicate myself to growing Hana Financial into a truly top financial group in Asia."

Chairman Ham presented a vision for the group's future, saying, "At the financial turning point marked by prolonged low growth due to COVID-19, accelerated aging, and the dissolution of boundaries in the financial industry, we will enhance shareholder and corporate value, and establish a transparent, fair, and stable governance structure."

He conveyed the four-character idiom 'Yeomgujaksin (染舊作新 - dyeing the old to create the new)' to employees, emphasizing, "Only when the past achievements and current efforts made together by employees come together can the true new future of Hana Financial open."

Chairman Ham proposed three major strategies for leaping to become Asia's top financial group: ▲ maximizing strengths and restructuring non-bank businesses ▲ strengthening the status as a global leading financial group ▲ and digital financial innovation.

First, the plan is to complete the two major growth engines centered on banking and securities, nurture card, capital, and insurance as core affiliates, and reorganize the non-bank business portfolio by strengthening mergers and acquisitions (M&A) in the non-bank sector and corporate finance collaboration among affiliates.

In overseas business, localization will be further strengthened mainly in the Asian region, and expansion of overseas advancement in the non-bank sector is planned. To this end, they have drawn a blueprint to increase M&A and equity investments in high-growth Asian regions such as Indonesia and Vietnam, and to strengthen investment banking and corporate finance linked with domestic companies entering advanced markets such as the Americas and Europe.

Regarding digital innovation, they plan to strengthen technological capabilities through talent development and investment, while actively utilizing external capabilities through investments in innovative startups.

Chairman Ham also emphasized focusing on leading as an Environmental, Social, and Governance (ESG) management financial group and taking the lead in realizing social value through sustainable management.

Ham was appointed as the new chairman of Hana Financial Group following the regular shareholders' meeting on the 25th. He will lead Hana Financial Group for the next three years, succeeding Chairman Kim Jung-tae.

Considering the social atmosphere due to the spread of COVID-19 and wildfire disasters, Hana Financial decided not to hold a separate inauguration ceremony for the chairman's transition.

Instead, the expenses for the inauguration ceremony will be given as encouragement bonuses to dispatched employees working in security, cleaning, and facility management at the head office building.

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