FINANCE
Hanwha generates sustainable prosperity and growth for our customers and society by offering digital financial solutions optimized for diverse lifestyles. We are evolving into a globally integrated financial group by expanding our business in Southeast Asia and the U.S. Hanwha enhances the quality of our customer's lives through personalized solutions tailored to each stage of life. To this end, we will lead financial innovation by optimizing diverse financial services such as insurance, securities, and asset management, exploring new growth engines, and developing and operating innovative digital platforms.
Business
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Global business
Hanwha's financial business is accelerating its expansion across the U.S. and Asian markets, including Vietnam, China, Indonesia, and Singapore. In May 2024, Hanwha Life finalized a partial acquisition agreement with Indonesia's Nobu Bank, becoming South Korea's first insurance company to enter the overseas banking sector. Before this, Hanwha Life and Hanwha General Insurance acquired Lippo General Insurance in March 2023, and in June of the same year, Hanwha Investment & Securities and Hanwha Asset Management jointly signed an underwriting agreement with Ciptadana Securities and Asset Management.
Hanwha's financial affiliates are actively pursuing global expansion through the launch of Hanwha Investment & Securities' subsidiaries in Singapore and Vietnam and Hanwha Asset Management's overseas business hubs in the U.S. and Singapore.