Hana Financial to spend $70 bil. on AI, exports, inclusive finance

Hana Financial Group plans to spend 100 trillion won ($70 billion) over five years to strengthen artificial intelligence (AI) financing and assist exporters, small businesses and low-income groups, it said Tuesday. The initiative is part of the group’s efforts to advance what it has termed a “Korea Premium” era wherein finance is elevated as a national growth driver beyond profit-seeking. The drive is one of the largest private-led financial projects in Korea, with a focus away from household mortgage financing and toward more productive, inclusive and innovation-driven investments. The group’s bank, brokerage, capital, insurance and venture capital subsidiaries will be mobilized for the unified growth strategy. Woori Financial announced a similar plan on Sept. 29. “This is more than setting a target — this is a statement of future direction,” said Hana Financial Group Chairman Ham Young-joo. “We are committed to reshaping finance into a vehicle that truly supports people and progress.” Of the total planned expenditure, 84 trillion won will be spent to bolster “productiWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times