South Korean Banking Groups Rethink Headquarters Strategies

Top banking groups split on HQ strategy: Consolidation vs cash

South Korea’s major financial groups are reworking their headquarters strategies, either consolidating affiliates to boost operational efficiency or monetizing real estate assets to shore up capital and support expansion. Hana Financial Group is set to relocate its headquarters to Cheongna, Incheon, later this year, in a move aimed at bringing together affiliates currently scattered across Seoul — from the central business district to Yeouido — into a single integrated complex. Key subsidiaries

By The Korea Herald