Ham Young-joo

The group's cornerstone is KEB Hana Bank, formed through the transformational merger of Hana Bank with Korea Exchange Bank (formerly controlled by Lone Star Funds). This merger created one of Korea's largest commercial banks with particular strength in foreign exchange services and international banking. Hana Financial Group operates across the full spectrum of financial services: commercial banking (KEB Hana Bank), securities (Hana Securities), insurance (Hana Life, Hana Insurance), asset management (Hana Asset Management), credit cards (Hana Card), and capital markets. The group serves over 22 million customers and has been expanding its digital banking capabilities through the Hana 1Q digital platform. Korean banking has been undergoing a significant transformation as regulators push for improved shareholder returns — the "Corporate Value-Up" program aims to close the deep valuation discount of Korean financial stocks relative to global peers. Key stock drivers include net interest margins, Korean economic growth, credit quality trends, the pace of shareholder return improvements (dividend increases, buybacks), digital banking competition from Kakao Bank and Toss, and the success of the government's Corporate Value-Up initiative.