First Overseas Initiative with Joint Finance Investor Relations in Hong Kong, “[Journalist Choi Jeong-hoon, Edaily] Hana Financial Group announced on the 15th that on November 13th (local time), it attended the financial sector’s joint Hong Kong Investor Relations event (INVEST K-FINANCE: HONG KONG IR 2024) held in Hong Kong, Asia’s financial hub, to engage directly with global investors.”
Hana Financial Group, as a representative of Korea’s financial sector, participated in the event, which was supervised by the Financial Supervisory Service, to spread the competitiveness and vision of K-Finance across the globe. Major financial firms, along with the cities of Seoul and Busan and the Korea Exchange, participated in the event. Various programs, such as panel discussions for attracting foreign investment and strengthening global networks, were conducted.
Chairman Ham Young-joo of Hana Financial Group directly explained the value-up plans and specific implementation measures aimed at continuously increasing corporate and shareholder value at the event. He demonstrated strong commitment to recovering the undervalued stock price and enhancing shareholder value.
Chairman Ham emphasized that “sustainable profitability is essential for shareholder returns that meet market expectations, and the core of the value-up plan lies in a thorough diagnosis of the current situation and preparation of practical implementation measures.” He stated, “The group will actively pursue shareholder return policies that align with global market standards through sustainable profitability.”
Hana Financial plans to increase the purchase and cancellation of treasury shares to achieve a total shareholder return ratio of 50% by 2027. The company aims to manage the Common Equity Tier 1 ratio within 13.0% to 13.5% and implement consistent shareholder return policies within this range through improvements in capital management policy.
During the panel discussion session, there was significant investor interest in the Korean financial companies’ strategies to respond to demographic changes, such as South Korea’s entry into a super-aged society. Hana Financial introduced “Hana The Next,” a senior-focused brand launched last October.
Chairman Ham stated, “Our strategy is not just about generating profits but becoming a true financial partner for senior customers as we prepare for a super-aged society.” He expressed a commitment to becoming a partner who contemplates the future with customers, ensuring their second life is happy.
Before the joint IR event, Hana Financial held individual meetings with major global asset management firms that have maintained long-term relationships with the group. During these meetings, Chairman Ham shared the group’s financial performance, strong asset soundness, and medium-to-long-term growth strategies and vision. He also expressed confidence regarding the group’s value-up plans and implementation strategies, addressing the major areas of interest for investors.
Notably, Lee Bok-hyun, head of the Financial Supervisory Service, attended individual meetings with investors, explaining the Korean financial authority’s support and efforts for regulatory advancements to enhance the value of K-Finance. He also responded to questions from attending foreign analysts and portfolio managers.
Chairman Ham emphasized that “the background for announcing a value-up plan meeting market expectations was supported by the domestic financial authority’s backing and regulatory advancement efforts.” He expressed commitment to continuing sincere communication with investors through various global communication activities as a leader in K-Finance and to making every effort to succeed in boosting the value of Korea’s financial sector.