Hana financial group opens a center exclusively for foreigners

Hana Financial Group has opened a private banking center catering to foreigners in the posh neighborhood of Yeoksam in Gangnam District.

According to the financial group Thursday, it is the nation’s first private banking center exclusively for foreigners. The main clients of the center are expected to be Chinese.

The group said its private banking center will be staffed by employees with years of experience in corporate finance, with Chinese language skills and experience in China.

The center will manage customers assets including real estate, stocks, bonds and fund investments. The center will offer various services including providing clients with information on local real estate and Korean companies that are up for sale as well as investment, tax and legal consultations.

“The IPC (International PB Center) will be the model for a new channel for Hana Financial Group,” said Kim Jung-tai, Hana Financial Group Chairman, at the opening ceremony.