Hana Financial Group and Dunamu Sign MOU for Joint Development of Financial Services Utilizing Blockchain Technology

On the 3rd, Eunhyung Lee, Vice Chairman of Hana Financial Group (right), posed for a commemorative photo holding the agreement document together with Kyungseok Oh, CEO of Dunamu, after signing a business agreement for joint development of financial services utilizing blockchain technology. Hana Financial Group

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On December 3, Hana Financial Group announced that it had signed a business agreement with Dunamu at its Myeong-dong headquarters for the joint development of financial services utilizing blockchain technology.

The signing ceremony brought together key executives from both companies to reaffirm mutual trust and to expand cooperation in various fields, including: building a blockchain-based overseas remittance process; introducing new technologies across all aspects of foreign exchange operations; and advancing services related to Hana Money.

As the digital transformation of finance accelerates worldwide-driven by blockchain, artificial intelligence (AI), and payment infrastructure-the two companies aim to lead the transition to future finance by connecting Dunamu’s blockchain technology with Hana Financial Group’s global network, thereby securing a competitive edge in the global market.

The companies will first introduce services that incorporate blockchain technology into the overseas remittance process. In this structure, both the sender and recipient will use remittance information recorded on the blockchain ledger to transfer funds, creating a transaction environment where customers can experience overseas remittance services that are easier, faster, and more secure.

This is expected to dramatically reduce both the time and cost compared to existing methods, providing significant benefits not only for person-to-person overseas remittances but also for export, import, and trade settlements. As early as the first quarter of next year, Hana Bank plans to introduce blockchain-powered remittance services between its headquarters and overseas branches and subsidiaries. The company will then gradually expand its infrastructure and systems in line with technology validation and policy changes.

Eunhyung Lee, Vice Chairman of Hana Financial Group, stated, “With the commercialization of blockchain technology imminent and the institutionalization of stablecoins approaching, this is a crucial moment when a new era of future finance is opening. Seizing this opportunity, Hana Financial Group and Dunamu have agreed to discover new value never seen before and to pursue boundless expansion with advanced technology.” He added, “Both companies will strengthen their competitiveness in the rapidly changing global financial market and provide the best solutions to meet customer needs.”

Kyungseok Oh, CEO of Dunamu, commented, “Once stablecoins are commercialized, blockchain infrastructure such as chains and wallets to support them will become mainstream. Existing financial services-such as instant payments, asset management, and capital markets-are expected to shift toward Web3-based services.” He continued, “Dunamu will work together with Hana Financial Group to create new models for the future of the global financial market.”

In line with the institutionalization and market expansion of digital assets, Hana Financial Group has established a digital asset task force under its holding company and built a collaborative response system among affiliates-including banking, card, and securities-to actively develop products, services, and infrastructure that comply with digital asset legislation, thereby contributing to the development of new industries and the enhancement of public convenience.

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