'Hana Securities Approved for Promissory Notes: First Product Launch in January, Dedicated Team Under CEO'

Hana Securities, which has received approval to issue promissory notes, will launch its first product in January next year. A dedicated team will be established directly under CEO Kang Sungmook, with the goal of expanding venture capital investments as emphasized by the government.

According to Hana Securities on December 18, the first issuance of promissory notes is scheduled for January next year. These promissory notes will be sold through nationwide wealth management (WM) channels. The company plans to invest more than 60% of the raised operating assets in core investment banking (IB) areas such as acquisition finance, corporate loans, and corporate finance, thereby creating a virtuous cycle between WM and IB. Previously, the Financial Services Commission finalized the approval of Hana Securities’ short-term financial business (promissory notes) at its regular meeting held the previous day. As a result, the number of securities firms authorized to issue promissory notes has increased to seven, now including Hana Securities and Shinhan Investment & Securities, in addition to Korea Investment & Securities, NH Investment & Securities, KB Securities, Mirae Asset Securities, and Kiwoom Securities.

Hana Securities will establish a dedicated promissory note organization under the CEO, responsible for planning, funding, operation, and post-management. The company aims to strengthen its capabilities in fund management and risk control by building a venture capital investment review process that enables professional and flexible responses and evaluations.

Additionally, more than 25% of the operating assets from promissory notes will be invested in venture capital to support the entire growth stage of future innovative companies. In addition to direct investments, the company will gradually expand the proportion of venture investments through indirect investments such as the National Growth Fund, private joint fund, and MOUs with related institutions. To this end, Hana Securities recently signed MOUs with the Jeju Center for Creative Economy & Innovation and the Korea Venture Capital Association. The company also plans to continue discovering investment opportunities in promising companies by strengthening cooperation with academia and non-profit organizations.

Kang Sungmook, CEO of Hana Securities, stated, "Through the promissory note business, we will expand venture capital investment and support the growth of innovative companies and the establishment of the future industrial ecosystem." He added, "With this approval, we will further contribute to the venture capital supply sector of the 'Hana All Growth Project,' which is being promoted across Hana Financial Group." Hana Financial Group previously announced the "Hana All Growth Project," which will invest 100 trillion won in productive and inclusive finance. Through its entry into the promissory note business, Hana Securities is expected to contribute to corporate finance and venture capital investment within this group-wide project.