Hana Financial Group Adds Value-Up Index Inclusion... Leading K-Financial Value-Up Advancement
Hana Financial Group announced on the 16th that it has been newly included in the Korea Value-Up (corporate value enhancement) Index.
The Korea Exchange held a stock index operation committee meeting on the 11th and decided through a special review of the Korea Value-Up Index constituent stocks to newly include five stocks, including Hana Financial Group.
Last October, Hana Financial Group announced a "Corporate Value Enhancement Plan" containing specific goals and implementation measures for value-up, along with a strong commitment from the group’s board of directors and management to recover undervalued stock prices and increase shareholder value.
Through this, the group identified ▲shareholder return ratio ▲Common Equity Tier 1 (CET1) ratio ▲Return on Equity (ROE) as the three core indicators of corporate value-up, and presented three specific goals and implementation plans to improve each indicator, thereby increasing the predictability of shareholder returns and planning to gradually increase the total shareholder return ratio annually to achieve a 50% total shareholder return ratio by 2027.
In particular, after announcing the corporate value enhancement plan, Young-Joo Ham, Chairman of Hana Financial Group, took his first step in November by attending a joint financial sector IR in Hong Kong to engage in on-site communication with global investors. At this event, Chairman Ham promised to actively pursue shareholder return policies that meet the expectations of the global market through sustainable profitability.
A Hana Financial Group official stated, "The new inclusion in the Value-Up Index is the result of high recognition of Hana Financial Group’s concrete goals and practical implementation efforts to enhance shareholder and corporate value," adding, "We will faithfully implement and steadily develop the corporate value enhancement plan."
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He continued, "Going forward, we will strengthen communication with shareholders, investors, and all stakeholders to ensure that the group’s value-up plan bears tangible fruit and lead the value-up of Korea’s financial sector."
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