Lee Yeon-woo is a financial journalist at The Korea Times. Her wide range of reporting includes policies, macroeconomics, stock market, companies and even crypto. She is passionate about connecting the dots in Korean finance and making it easier for foreign nationals to understand. Based on her previous experience as a national reporter, she also has a keen interest in social issues within the sector, including gender equality and ESG. Your tips and insights are always appreciated. You can send them to yanu@koreatimes.co.kr.
Hana promotes LINE Bank in Indonesia
Hana Financial Group Chairman Ham Young-joo, left, poses with an Indonesian employee of LINE Bank at an event promoting LINE Bank's digital services in Jakarta, Indonesia, Thursday. Courtesy of Hana Financial Group
By Lee Yeon-woo
By Lee Yeon-woo
Hana Financial Group promoted its digital banking service, LINE Bank, in Indonesia through a collaboration with Samsung Electronics.
The bank announced on Sunday that it hosted a hands-on experience event where local customers could learn about LINE Bank's innovative digital services while experiencing cutting-edge smart devices from Samsung Electronics.
The event took place on Thursday at Senayan Park, a shopping mall located in Jakarta, Indonesia.
LINE Bank is a digital-banking service that was launched in Indonesia in 2021 through a partnership between KEB Hana Indonesia and the international messenger platform company LINE.
The bank provides a range of convenient services, such as commission-free remittance, mobile-based account opening and loan applications, all without the need to visit a physical bank branch.
During the event, visitors had the opportunity to experience the loan services offered by LINE Bank, enabling them to apply for loans and receive approvals within just five minutes. Additionally, the convenience of transactions using QR codes, facilitated by Samsung Electronics' latest mobile phones, was also showcased.
According to the bank, the event attracted hundreds of local visitors, indicating a positive response from the community.
LINE Bank aims to continuously broaden its presence in the realm of innovative finance by fostering stronger partnerships with Indonesian platforms, technology corporations as well as Korean corporations that entered the Indonesian market.
“I see that LINE Bank, the group's first mobile bank launched overseas, is receiving love from Indonesia. The membership has already surpassed 500,000 within just one year since its launch,” said Hana Financial Group Chairman Ham Young-joo. “Hana Financial Group is committed to showcasing its brand-new value not only to Indonesian customers but also to the world through collaborations with various global partners,” he added.