Hana Financial Group opens LA branch amid US expansion drive

Hana Financial Group has opened the Los Angeles branch of Hana Bank USA, in a continued effort to expand its presence in the world’s largest financial market, the group said Tuesday. Located in LA, a city with a large Korean American population, the new branch is expected to strengthen Hana’s local presence and provide integrated financial services combining both retail and corporate banking. The new LA branch will function as a strategic foothold on the country’s West Coast, complementing Hana’s existing operations on the East Coast, which includes branches in New York. This expansion is expected to enhance synergy between regional operations, enabling a broader and more balanced nationwide banking network. Hana’s U.S. business turned a profit in the July-September period of 2022 and has since received positive evaluations from U.S. financial regulators. In May 2025, all remaining regulatory restrictions on its operations were lifted, paving the way for new business development and branch openings. Hana said the new expansion goes beyond its physical presence, and will propel grWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times