Hana Financial to Issue Tax-Exempt Dividends This Year... Group Headquarters Moving to Cheongna in September

All Shareholders' Meeting Agenda Items Approved

Hana Financial Group will relocate its group headquarters to Cheongna, Incheon at the end of September. The company also plans to pursue tax-exempt dividends by securing resources through a reduction in capital reserve.

Hana Financial Group Headquarters Exterior View.

On March 24, Hana Financial Group held its regular general shareholders’ meeting and approved all agenda items as originally proposed, including these key measures.

With the passage of the capital reserve reduction agenda, beginning with this fiscal year, 7.4 trillion won in capital reserve will be transferred to retained earnings and can be used as a source for future tax-exempt dividends. Hana Financial Group plans to issue tax-exempt dividends starting from the settlement dividend for the fourth quarter of this year.

The agenda item to relocate the group headquarters from Seoul to Cheongna, Incheon, effective September 30, was also approved. Since 2022, Hana Financial Group has been constructing its group headquarters in Cheongna, Incheon. Following the headquarters relocation, Cheongna will serve as the group’s main office and future financial hub, while Yeouido will focus on capital markets, Euljiro on banking, and Gangnam on innovative finance.

The company also established the legal basis for introducing electronic general shareholders’ meetings, in line with the implementation date of the Commercial Act revision in January next year. In addition, an amendment to the articles of incorporation was approved to expand and reorganize the board’s Consumer Risk Management Committee into the Consumer Protection Committee.

All director appointment agendas, including the appointment of six outside directors and two inside directors, were also approved. At the shareholders’ meeting, Professor Choi Hyunja, an expert in consumer protection from Seoul National University’s Department of Consumer Science, was newly appointed.

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