Hana Financial Group Inc. Announces Executive Changes
February 26, 2012
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Hana Financial Group selected Hana Bank CEO Kim Jung-tai as its new chairman. Kim, who has been picked as the only candidate by the group's ad hoc committee, will be appointed to the post in several weeks. The 60-year-old figure has been working for Hana Financial and its unit Hana Bank for 20 years since its foundation in 1992. After serving as an executive vice president of Hana Financial between 2005 and 2006, he took the post of CEO of Hana Daetoo Securities between 2006 and 2008. Kim will be the second figure to head Hana Financial since incumbent chairman Kim Seung-yu took on the top post in 2005. The outgoing chief's term will expire at the end of March 2012. The new chief will take on the role of integrating the corporate cultures of Hana Bank and Korea Exchange Bank, which was acquired by the group in February 2012, over the next few years. Meanwhile, Kim Jong-yeol, as group president and a former strong candidate for the new chairman, has expressed his intention to resign.
Hana Financial Group Inc is a Korean-based company principally engaged in the banking business. The Company operates its business through four segments. The Banking segment is engaged in the businesses such as loans and receptions and others to customers. The Financial Investment segment is involved in the businesses such as trading and acquiring securities and brokering investments in derivatives, among others. The Credit Card segment is engaged in the businesses such as credit cards, cash services and card loans, among others. The Other segment is engaged in the businesses such as facility rental, installment financing, new technology, receiving, loan and floating loan, life insurance, asset management, trust, information technology (IT) service and office management, among others.
HANA FINANCIAL GROUP INC. 
