Hana Financial to Expand US Operations with $100m Investment
South Korean financial holding company, Hana Financial, has announced plans to invest $100 million in its US banking unit, Hana Bank USA, as part of its expansion strategy in the US. This move aligns with the increased investments by South Korean companies in the US, which is linked to a $350 billion tariff deal between Korea and the US. The report was first published by The Korean Economic Daily.
About Hana Bank USA
Established in 2013, Hana Bank USA was formed after the acquisition of Broadway National Bank in New York by Hana Bank. Since its inception, the bank has primarily catered to Korean expatriates in the greater New York region.
This new capital injection is the third round for Hana’s US subsidiary, following the previous $36.5 million injection in 2016 and $65 million in 2022. This new capital allows Hana Bank to increase its lending limit from $16 million to $32 million, thereby expanding lending opportunities to both individual and business clients.
Hana Bank’s Expansion Plans
As part of its expansion strategy, Hana Bank plans to broaden its retail banking services in the US. While its mortgage lending has previously targeted rental property owners, the bank intends to launch home mortgage loans for retail customers starting next year.
In addition to this, the bank is also preparing to launch remote account opening and mobile overseas remittance services. This move aligns with the growing trend of digital banking and the increasing demand for remote banking services.
Hana Financial’s US Operations
In the US, Hana Financial currently operates three subsidiaries – Hana New York Financial, Hana LA Financial, and Hana Bank USA – along with a branch in New York.
The New York branch offers investment banking and institutional lending, while the other subsidiaries in New York and Los Angeles provide credit to Korean businesses. As of October 2025, Hana Financial’s US operations had a combined loan balance of $3.88 billion, representing a 69% increase since 2020.
The investment and expansion in the US signify Hana Financial’s commitment to serving its clients better and making its mark on the international banking scene. The decision to expand its services to include retail customers and digital banking services also reflects the bank’s commitment to adapt to the evolving needs of its customers.
For more details on Hana Financial’s investment and expansion plans in the US, follow the link Here.
