South Korea’s Hana Financial Group has opened a private banking centre focusing on Chinese customers in Yeoksam-dong, southern Seoul.

The International Private Banking Center (IPC) will offer full line of personal and business banking products and services in Korea and abroad, combining the networks of Hana Bank’s private banking (PB) centers, Korea Exchange Bank’s Foreign Direct Investment (FDI) Centers, Hana Daetoo Securities’ Investment Bank (IB), and its China Corporation.

The private banking centre will offer asset management services through the investment in real estate, stock, funds and bonds, along with information services about domestic companies’ sales, investment, tax, and law.

Hana Financial is also planning to open similar centers in Jeju Island, Busan, Incheon, Shanghai, Beijing, Hong Kong, New York, and Canada, completing its global network within 2015, according to a report by Business Korea.

The centre, claimed to be the nation’s first private banking center exclusively for foreigners, will also provide tourism services and information about cultural events.