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| Hana Financial Group Vice Chairman Lee Eun-hyung, right, and CTBC Bank Chairman Morris Li together hold the memorandum of understanding (MOU) document on their strategic partnership during a ceremony at Hana Global Campus, the firm's manpower development institute in the district of Cheongna International City in Incheon, May 4. Courtesy of Hana Financial Group |
By Yi Whan-woo
Hana Financial Group announced, Sunday, it formed a strategic partnership with CTBC Bank, a leading private lender in Taiwan, to enhance its global network for its vision to become Asia's best financial services company.
The partnership will range from mutual support among their respective overseas branches to collaboration on finding business opportunities concerning corporate banking, investment banking and trade finance and sharing know-how to increase their respective assets abroad.
"We expect that the deal will contribute to facilitating financial cooperation on the country-to-country level between Korea and Taiwan," Hana Financial Group Vice Chairman Lee Eun-hyung said during the signing of the memorandum of understanding (MOU) at Hana Global Campus, the firm's manpower development institute in the multinational corporate district of Cheongna International City in Incheon, May 4.
Lee was joined by CTBC Bank Chairman Morris Li.
The ceremony took place as multiple representatives from Hana Financial Group and CTBC Bank were attending the annual meeting of the Asian Development Bank (ADB) in Incheon's Songdo International Business District.
Lee called the MOU a "reflection of a strong will between the two companies for global business expansion," expressing hope that it will play a key role to nurture growth engines for both sides.
"We will continue to work on enhancing cooperation with other companies in various companies to visualize our goal of becoming Asia's No. 1 banking group," Lee added.
Hana Bank, the flagship affiliate of Hana Financial Group, was the first Korean lender to open its branch in Taiwan in April 2022.
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