Hana Financial is seeking to buy lenders in the US, although it has recently given up on acquiring a controlling stake in Saehan Bancorp., a Los Angeles-based Korean-American bank.
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The Korea Times quoted Hana Financial Group Chairman Kim Jung-tae as saying, "We’re keeping an eye on the US market. We’re now considering buying lenders in the country if we have opportunities."
Jung-tae was further quoted as saying that the group is also considering seeking to open KEB branches in New York and Los Angeles, a plan which was halted after KEB was acquired by US-based Lone Star Funds.
Additionally, with the US markets, Hana also believes Southeast Asian countries to be an important target where the group intends to open new branches.
Presently, the group operates overseas branches, offices and subsidiaries in eight different countries including the US, China, Japan, Indonesia and Vietnam.
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