Hana Financial Group Opens New Branches in India, Accelerates Global Market Expansion

New Branches Opened in Devanahalli (Southwest) and Mumbai (West)
Completion of Four Strategic Hubs Connecting Existing Chennai (South) and Gurugram (North)
Vice Chairman Kang Sungmook: "India Is a Core Strategic Market; We Will Set Milestones for Global Expansion with Hana's DNA"

On the 5th, Kang Sungmook, Vice Chairman of Hana Financial Group, who attended the opening ceremony of the 'Mumbai Branch' in India (third from the left in the photo), is conducting a ribbon-cutting ceremony with guests. Hana Financial Group

Hana Financial Group announced on December 8 that it has opened new branches in Devanahalli and Mumbai, India, to expand its global business in India, a country that has recently demonstrated rapid economic growth and is increasing its influence in the global market based on the world's largest population.

Starting with the opening of its Chennai branch in 2015 and the Gurugram branch in 2019, Hana Financial Group has now established a "One India" network centered around four key locations: Chennai, Gurugram, Devanahalli, and Mumbai, with the addition of the new branches.

The opening ceremonies for the Devanahalli and Mumbai branches were held on December 3 and 5, respectively. The events were attended by Kang Sungmook, Vice Chairman of Hana Financial Group, Kim Changnyeon, Consul General in Chennai, Yoo Dongwan, Consul General in Mumbai, as well as other key figures, local guests, and members of the Korean community, who celebrated the launch of the new branches and the completion of the "One India" network.

India, with its young demographic structure, large domestic market, and rapid digital transformation, has maintained a high growth rate of 6-7% in recent years, emerging as a country with the greatest growth potential in the world. Government-led industrial policies have driven a surge in investment across core sectors such as manufacturing, IT, energy, and infrastructure. At the same time, demand for financial support from Korean companies expanding into various industries in India is also rising rapidly.

In response to these changes, Hana Financial Group has opened the Devanahalli and Mumbai branches in succession, completing a strategic network of four key hubs that connect the South (Chennai), North (Gurugram), Southwest (Devanahalli), and West (Mumbai) regions of India.

This enables more practical financial support through: ▲ region-specific industry-tailored financial services ▲ swift response to the financial needs of Korean and local companies ▲ expansion of supply chain finance (SCF) and project finance (PF) ▲ and strengthening of digital-based retail services.

Notably, the Devanahalli branch in Bengaluru, the first location in the Indian city for a Korean financial institution, is situated in an area known as the "Silicon Valley of India," where future growth industries such as IT, bio, semiconductors, and aerospace are concentrated. Hana Financial Group plans to focus on ▲ financial support for advanced manufacturing and R&D companies ▲ financial consulting for technology-based startups ▲ and enhancing retail services.

Additionally, at the Mumbai branch, located in the central business district (CBD) of India's financial and commercial capital, the group will focus on ▲ investment banking and syndication ▲ trade finance ▲ and foreign exchange transactions by leveraging its network with local companies and global financial institutions. Through these efforts, Hana Financial Group aims to diversify its assets and strengthen financial accessibility in the economic belt of western India.

Kang Sungmook, Vice Chairman of Hana Financial Group, stated, "Hana Financial Group is setting a new milestone in global expansion by opening new branches in India, which is both a hub of the global supply chain and a core strategic market. Based on Hana's unique global DNA, we will continue to grow and become a trusted financial partner for both the Korean community and the local society in India."

Meanwhile, in August and September, Hana Financial Group established new branches in major regions such as Los Angeles in the United States and Wroclaw in Poland, accelerating the expansion of its global network connecting Asia, the Americas, and Europe, as well as its efforts to penetrate local financial markets. In addition, to support financial demand within the Subic and Clark economic zones in the Philippines, the group plans to open a "Subic Office" in the Philippines in the first half of 2026.

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