BEA, Hana agree on business co-development

The beginning of long-term collaboration between BEA and Hana Bank have been formalised with a MOU. It outlines the framework for their mutually beneficial co-development of businesses in Mainland China, Hong Kong, Korea, and other key markets.

By forming this strategic partnership, Hana Bank will enhance its ability to support its Korean customers in Mainland China, Hong Kong, and the U.S. by leveraging BEA’s extensive branch network and comprehensive range of financial products and services. Meanwhile, with the support of Hana Bank, BEA will effectively meet the diverse financial needs of its customers in Korea and other countries where Hana Bank is a major player.

"Through this alliance, we aim to strengthen the competitive position of both banks in capturing business opportunities in Mainland China, Hong Kong and Korea," said Dr. David K.P. Li, Chairman & Chief Executive of BEA.

According to Mr. Jung Tai Kim, President and Chief Executive Officer of Hana Bank, "We are confident that this strategic alliance will place both banks in better position in many important Asian markets, and enable us to tap an even wider range of business opportunities. Furthermore, our alliance is just the starting point, from which we intend to explore co-operations in other areas that will bring benefits to both BEA and Hana Bank."