Hana Financial Partners with Seobu T&D for Urban Logistics Complex Development

Hana Financial Group is set to provide financial support for the development of an urban logistics complex. The group aims to enhance its competitiveness in future infrastructure financing by consolidating its corporate and investment banking capabilities.

On June 28, Hana Financial announced that it signed a memorandum of understanding (MOU) with Seobu T&D to strengthen cooperation on the urban logistics complex development project at Hana Securities' THE Centerfield W in Gangnam, Seoul.

The agreement is intended to support Seobu T&D's development of the urban logistics complex in Sinjeong-dong, Yangcheon-gu, Seoul. The two companies agreed to establish a collaborative framework for financing, corporate banking, and joint investment.

Hana Financial plans to leverage Hana Bank's corporate banking capabilities and Hana Securities' investment banking expertise to facilitate project financing, analyze development project structures, and provide comprehensive financial solutions using both companies' networks.

Ham Young-joo, Chairman of Hana Financial Group, stated, "Through this agreement, we will break down the barriers between finance and development projects and establish a new cooperation model that combines the strengths of both companies. We will serve as a reliable financial partner to ensure the successful advancement of the urban logistics complex development project, which integrates logistics, finance, healthcare, and cultural facilities."