Hana Financial Group meets global investors in Hong Kong

Hana Financial Group Chairman Ham Young-joo talks to global investors about the group's plan to enhance corporate and shareholder values at an IR meeting in Hong Kong, Tuesday. Courtesy of Hana Financial Group

Hana Financial Group held investor relations (IR) sessions in Hong Kong targeting global investors, spearheading efforts to enhance the corporate value of the Korean financial industry, the group announced Wednesday.

Hana Financial Group Chairman Ham Young-joo visited Hong Kong, Asia’s financial hub, on Monday and Tuesday, inaugurating this year's global IR activities to enhance on-site communication with global investors. These efforts will be followed by IR sessions in Australia.

He met with potential investors to present the group's vision and mid- to long-term growth strategies for improved profitability amid recent keen interest in Korean financial stocks. He also highlighted Hana Financial Group's financial achievements, emphasizing its strengths in cost efficiency and asset soundness.

He also stressed how Hana’s corporate value has been increasing since implementing its capital management plan and mid to long-term shareholder return policy set up early last year. He outlined measures to further enhance shareholder value in line with the Corporate Value-up Program, leveraging the group's robust capital base.

Additionally, he expressed gratitude to Hong Kong’s major institutional investors, who long have had ties with Hana Financial Group. They shared insights into the future direction of the group in its efforts to go beyond Korea and rise as a major player in global financial industry.

“Efforts to enhance Hana’s corporate value are not a short-term event but part of a long-term plan that will continue over time. We will maintain sincere communication with investors through global IR activities to proactively lead the value enhancement of the Korean financial industry,” Ham said.

Despite prolonged uncertainties due to global tightening and geopolitical conflicts, Hana Financial Group has been expanding its global communication efforts in various ways to reassure foreign investors about Hana’s growth and development. Foreign investors constitute about 70 percent of Hana's shareholders.

Hana Financial’s stock price has risen by approximately 35 percent from the end of last year and now trades at around 59,000 won ($43).