Hana Monetary Group Chairman Ham Younger-joo (left) and Monetary Supervisory Service Gov. Lee Bok-hyun attend a world investor relations occasion held in Hong Kong, Wednesday. (Hana Monetary Group)
Hana Monetary Group’s chief pitched the banking group’s methods to raise its company worth to abroad buyers at an investor relations occasion in Hong Kong.
Together with the chiefs of different prime monetary service suppliers within the nation, Hana Monetary Chairman Ham Younger-joo attended the “Make investments Okay-Finance” occasion, hosted by South Korea’s Monetary Supervisory Service. On the occasion, Ham launched the group’s plan to spice up company and shareholder worth, in keeping with the agency on Friday.
Hana Monetary’s company value-up plan, rolled out final month, includes elevating shareholder returns to 50 p.c by 2027 by way of improved earnings per share and higher dividends, whereas sustaining its return on fairness at over 10 p.c.
“Shareholder return that meets the market expectation is just potential whether it is backed by sustainable profitability. The important thing to the value-up plan is a radical analysis of the present situation and sensible success plan,” Ham mentioned.
“The group will pursue shareholder return measures that meet the worldwide normal by way of securing sustainable profitability.”
On the occasion, Ham individually met with analysts and portfolio managers of worldwide asset managers, which have been long-term buyers of Hana Monetary. FSS Gov. Lee participated within the conferences as properly, introducing the nation’s efforts to spice up the company worth of banking teams.
“We’re working to supply a predictable and cheap regulatory surroundings to spice up the credibility of Korea’s monetary market,” Lee mentioned. “The loss-absorbing capability of the home monetary business is adequate. The regulators are working to form up the regulatory surroundings to allow capital insurance policies that meet the worldwide normal.”
The occasion was adopted by a panel dialogue, specializing in the altering demographics of Korea and the way monetary corporations would reply to an growing old inhabitants. On the dialogue, Hana Monetary launched its Hana The Subsequent model, an built-in line of providers for senior prospects that was launched final month.
