Hamyungju, Chairman of Hana Financial Group, "Will Achieve 40% Share of Overseas Profits"

Hamyungju, Chairman of Hana Financial Group, Attends Joint Financial Sector Singapore IR Event
"Focusing on Strategic Investment in Minority Stakes"

Hana Financial Group plans to increase the proportion of overseas profits to 40% by actively communicating with foreign investors and utilizing strategic equity investments.

Hamyung Joo, Chairman of Hana Financial Group, announced this on the 9th (local time) at the 'Joint Financial Sector Singapore Investment Roadshow (IR)' event held at the Pan Pacific Hotel in Singapore, co-hosted by the Financial Supervisory Service and six financial companies.

The event was attended by over 200 key personnel from foreign investment institutions such as the Government of Singapore Investment Corporation (GIC) and BlackRock. Lee Bokhyun, Governor of the Financial Supervisory Service, Chairman Ham, KB Financial Group Chairman Yoon Jongkyu, Mirae Asset Securities Chairman Choi Hyunman, Korea Investment & Securities CEO Jung Ilmoon, Samsung Fire & Marine Insurance CEO Hong Wonhak, and Korean Reinsurance CEO Won Jonggyu also directly answered investors' questions.

In response to a question about the difficulties Korean financial companies face when entering new overseas markets, Chairman Ham said, "We are actively utilizing a strategy of making minority equity investments in local financial institutions." He added, "This approach minimizes financial burdens while allowing flexible use of the group's infrastructure and stable risk management." He further stated, "Through such strategies, we plan to raise the group's global profit ratio to around 40% in the mid to long term."

In addition, the group explained its digital strategy and ESG (Environmental, Social, and Governance) management to overseas investors. The following day, Chairman Ham and Governor Lee Bokhyun had breakfast with Jim Rogers, Chairman of Rogers Holdings and a world-renowned investment expert, exchanging various opinions.

Chairman Ham said, "To expand global field-centered management, we established an asset management company in Singapore, Asia's financial hub, in July 2021, and have been continuously expanding core business areas such as investment banking (IB) and asset management." He added, "Going forward, Hana Financial Group will communicate more with investors and pursue field-centered management to leap beyond Korea and become Asia's top financial group."

Hahm Young-joo, Chairman of Hana Financial Group, is answering questions from overseas investors at an IR event hosted by the Financial Supervisory Service and six financial companies in Singapore on the 9th (local time). (Photo by Hana Financial Group)