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| Executives from three affiliates each from Hana Financial Group and SK Group ― Hana Bank, Hana Securities and Hana Card plus SK Telecom, SK Broadband and 11Street ― pose during a ceremony between the two groups on cooperation across business boundaries at the banking group's headquarters in central Seoul, Monday. Courtesy of Hana Financial Group |
By Yi Whan-woo
Hana Financial Group joined hands with SK Group to enhance cooperation across business boundaries and develop services to better serve their respective customers, the banking group announced on Tuesday.
According to the banking group, three affiliates each from the two groups ― Hana Bank, Hana Securities and Hana Card on one side, and SK Telecom, SK Broadband and 11Street on the other ― will share their respective customer data.
The data shared excludes private and sensitive information. It will be used to develop new business models, combine businesses in the finance and commerce sectors and support customers who have low credit ratings and thus struggle to access services.
"The areas of cooperation will range from financial services to telecommunications, media and logistics," Hana Financial Group said, referring to the business areas of the six aforementioned affiliates.
For the banking group, the cross-business cooperation is anticipated to expand customized loan services for university students, housewives, retired seniors and others who do not have steady streams of income and struggle to borrow money on credit.
In particular, the six-way cooperation is expected to boost the banking group in terms of expertise and know-how on digital banking technology, as well as its campaign for environmental, social and corporate governance (ESG) practices.
Hana Financial Group and SK Group have been working together to pioneer financial services using information and communications technology.
Last year, they agreed to jointly invest in Web 3.0, the third generation of the World Wide Web aimed at a decentralized and secure internet.
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