Hana Bank announced today that it has successfully entered Taiwan by opening a Taipei branch on April 25 (local time).
In June last year, Hana Bank obtained an opening authorization from the Taiwan Financial Supervisory Commission. With the opening of the Taipei branch this time, the bank has a network in all of Korea's top 10 trading hubs, including China, the United States, Vietnam, Hong Kong, Japan, Taiwan, India, Germany, Singapore, and Mexico.
The Taipei branch promotes an active localization strategy by hiring local financial experts who can speak English and Chinese and promoting collaboration with local financial companies.
At the same time, based on the Domestic Banking Unit (DBU) license obtained from the Taiwanese financial authorities, it performs local currency-based corporate and retail finance business.
South Korean companies and Koreans entering Taiwan, as well as local companies doing business with South Korea, will be able to use various financial services.
Accordingly, it is possible to quench the thirst and inconvenience for financial demand that has been experienced due to the absence of Korean banks in Taiwan.
Hana Bank's Taipei branch plans to focus its capabilities on targeting the Taiwanese IB market, where public infrastructure fields such as aviation, railway, and energy are active as a government-led economic development plan.
Lee Jong-seung, vice president of Hana Bank's global group, said, "In the future, we will provide a higher level of financial services and convenience not only to Korean companies and Koreans in Taiwan, but also to local customers who have a trade demand with Korea."
Meanwhile, with the opening of the Taipei branch, Hana Bank will have 194 networks in 25 regions around the world, becoming the bank with the largest number of branches among domestic commercial banks.
