South Korea-based financial holding company Hana Financial is reportedly planning to invest $100m in its US banking unit, Hana Bank USA, to expand its operations in the US.
This move follows the South Korean companies’ increased investment in the US, linked to a $350bn tariff deal between Korea and the US, reported The Korean Economic Daily.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Hana Bank USA, formed in 2013 after Hana Bank acquired Broadway National Bank in New York, has primarily served Korean expatriates in the greater New York region.
The latest capital injection is the third round for Hana’s US subsidiary and follows the previous $36.5m injection in 2016 and $65m in 2022.
This new capital allows Hana Bank to double its lending limit from $16m to $32m and enables it to expand lending to both individual and business clients.
Hana Bank also plans to broaden its retail banking services in the US.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataWhile its mortgage lending has previously targeted rental property owners, the bank intends to launch home mortgage loans for retail customers starting next year.
The bank is also preparing to launch remote account opening and mobile overseas remittance services.
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 offer credit to Korean businesses.
Hana Financial’s US operations had a combined loan balance of $3.88bn at the end of October 2025, representing a 69% increase since 2020, the report said.
