Hana Financial Group Strengthens Global Cooperation with Japan's Mitsui Sumitomo Trust Group

Hana Financial Group signed a business agreement to strengthen the global financial business partnership with Japan's Mitsui Sumitomo Trust Group (Sumitrust) on the 3rd at the Grand InterContinental Seoul Parnas Hotel in Gangnam-gu, Seoul. Ham Young-joo, Chairman of Hana Financial Group (left), who attended the signing ceremony, and Takakura Tooru, President of Sumitrust

Hana Financial Group announced on the 4th that it has signed a business agreement with Japan's Mitsui Sumitomo Trust Group (Sumitrust) to strengthen cooperation in global financial business.

Since first signing a business agreement in 2014, Hana Financial Group and Sumitrust have continued talent exchanges and various business collaborations in areas such as global, digital, corporate finance (IB), asset management, and trust sectors. In December last year, GLN International, a subsidiary of Hana Bank providing overseas simple payment services, also received strategic investment from Sumitrust.

The recent business agreement ceremony was held to share past achievements and to expand mutual cooperation focusing on five areas: equity investment, asset management, retail, digital innovation, and expansion of global IB business.

Hwang Young-joo, Chairman of Hana Financial Group, said, "The trust and cooperative relationship that the two groups have firmly built over 10 years has become a model case of financial cooperation between Korea and Japan, and I hope it will further activate financial diplomacy between the two countries. Furthermore, Hana Financial Group will play a pivotal role for the sustainable future of both Korea and Japan."

Takakura Tooru, President of Sumitrust, stated, "We hope that by combining Hana Financial Group's leading digital finance and PB capabilities with Sumitrust's strengths in trust and asset management, new synergies will be created in the financial sectors of both countries."

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