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Hanmi Bank Opens Korea Representative Office in Seoul’s International Finance Center

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Hanmi Financial (HAFC) has opened its first representative office in Seoul, South Korea, located within the International Finance Center Seoul (IFC). This expansion strengthens the bank's U.S. Subsidiaries of Korean Companies (USKC) business initiative. The Seoul office complements Hanmi's existing Korea Desks across multiple U.S. locations including California, New York, New Jersey, Georgia, and Texas. The bank provides comprehensive services to Korean companies expanding into the U.S., including commercial lending, trade finance, equipment financing, real estate investment, and treasury management.

Hanmi Financial (HAFC) ha aperto il suo primo ufficio di rappresentanza a Seoul, Corea del Sud, situato all'interno dell'International Finance Center Seoul (IFC). Questa espansione rafforza l'iniziativa commerciale della banca per le sussidiarie statunitensi di aziende coreane (USKC). L'ufficio di Seoul si aggiunge agli sportelli coreani esistenti in diverse località degli Stati Uniti, tra cui California, New York, New Jersey, Georgia e Texas. La banca offre servizi completi alle aziende coreane che si espandono negli Stati Uniti, comprendenti prestiti commerciali, finanziamenti per il commercio, finanziamenti per attrezzature, investimenti immobiliari e gestione di tesoreria.

Hanmi Financial (HAFC) ha abierto su primera oficina de representación en Seúl, Corea del Sur, ubicada dentro del International Finance Center Seoul (IFC). Esta expansión refuerza la iniciativa empresarial del banco para las subsidiarias estadounidenses de empresas coreanas (USKC). La oficina de Seúl complementa los escritorios coreanos existentes en múltiples ubicaciones de EE. UU., incluyendo California, Nueva York, Nueva Jersey, Georgia y Texas. El banco ofrece servicios integrales a las empresas coreanas que se expanden en EE. UU., incluyendo préstamos comerciales, financiamiento del comercio, financiamiento de equipos, inversión inmobiliaria y gestión de tesorería.

한미 금융 (HAFC)이 한국 서울에 있는 국제금융센터(IFC) 내에 첫 번째 대표 사무소를 개설했습니다. 이 확장은 미국 내 한국 기업(USKC) 사업 이니셔티브를 강화합니다. 서울 사무소는 캘리포니아, 뉴욕, 뉴저지, 조지아, 텍사스 등 여러 미국 지점에 있는 한미의 기존 한국 데스크를 보완합니다. 이 은행은 미국으로 확장하는 한국 기업에게 상업 대출, 무역 금융, 장비 금융, 부동산 투자, 재무 관리를 포함한 포괄적인 서비스를 제공합니다.

Hanmi Financial (HAFC) a ouvert son premier bureau de représentation à Séoul, en Corée du Sud, situé dans le Centre financier international de Séoul (IFC). Cette expansion renforce l'initiative commerciale de la banque pour les filiales américaines des entreprises coréennes (USKC). Le bureau de Séoul complète les bureaux coréens existants dans plusieurs localités aux États-Unis, notamment en Californie, à New York, au New Jersey, en Géorgie et au Texas. La banque propose des services complets aux entreprises coréennes qui s'étendent aux États-Unis, y compris prêts commerciaux, financement du commerce, financement d'équipements, investissement immobilier et gestion de trésorerie.

Hanmi Financial (HAFC) hat sein erstes Vertretungsbüro in Seoul, Südkorea, im International Finance Center Seoul (IFC) eröffnet. Diese Expansion stärkt die Geschäftsinitiative der Bank für US-Tochtergesellschaften koreanischer Unternehmen (USKC). Das Büro in Seoul ergänzt die bestehenden Korean Desks von Hanmi an mehreren Standorten in den USA, darunter Kalifornien, New York, New Jersey, Georgia und Texas. Die Bank bietet umfassende Dienstleistungen für koreanische Unternehmen an, die in die USA expandieren, darunter geschäftliche Kredite, Handelsfinanzierung, Anlagenfinanzierung, Immobilieninvestitionen und Treasury-Management.

Positive
  • Strategic expansion into South Korea's financial center
  • Enhanced ability to serve growing Korean-U.S. business market
  • Strengthened international presence through new Seoul office
Negative
  • None.

Insights

The opening of a Seoul representative office marks a strategic expansion for Hanmi Bank's USKC initiative, positioning them to capitalize on growing South Korean foreign direct investment in the U.S. The IFC Seoul location enhances their ability to serve Korean companies expanding stateside, potentially increasing their market share in this niche segment.

Their existing network of Korea Desks across major U.S. cities, combined with this new Seoul presence, creates a comprehensive infrastructure for capturing cross-border banking opportunities. This move could drive growth in commercial lending, trade finance and treasury management services, particularly as South Korean companies continue investing in U.S. operations.

LOS ANGELES, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (Nasdaq: HAFC) (“Hanmi”), today announced that Hanmi Bank opened its first representative office in Seoul, South Korea, which further enhances the bank’s U.S. Subsidiaries of Korean Companies (“USKC”) business initiative.

The new representative office is located within the International Finance Center Seoul (“IFC”) and will allow Hanmi Bank to better reach and support its USKC customer base. This latest effort complements the bank’s existing Korea Desks in Los Angeles, Orange County, San Diego and Silicon Valley in California, and in key cities in New York, New Jersey, Georgia and Texas.

“This convenient location in the heart of Seoul’s financial center is an important milestone for our USKC initiative. Foreign direct investment from South Korea into the U.S. has steadily increased in recent years, and we anticipate this trend to continue. Our direct presence in Seoul ensures that we can deliver sound counsel, market intelligence, and in-language customer support – all based on our deep understanding of the countries’ business cultures,” said Bonnie Lee, President and Chief Executive Officer of Hanmi.

The bank already provides a wide range of banking services to U.S. subsidiaries of South Korean-based companies doing business in or expanding their operations into the U.S., including commercial lending, trade finance, equipment financing, real estate investment and treasury management.

About Hanmi Financial Corporation

Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of thirty-two full-service branches and eight loan production offices in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington, and Georgia. Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small and middle market businesses. Additional information is available at www.hanmi.com.

Contact
Juanita Gutierrez
Vice President
Financial Profiles, Inc.
310-622-8235
JGutierrez@finprofiles.com

Source: Hanmi Bank


FAQ

Where did Hanmi Bank (HAFC) open its new representative office in Seoul?

Hanmi Bank opened its representative office in the International Finance Center Seoul (IFC).

What services does Hanmi Bank (HAFC) offer to Korean companies in the US?

Hanmi Bank offers commercial lending, trade finance, equipment financing, real estate investment, and treasury management services to U.S. subsidiaries of South Korean companies.

In which US cities does Hanmi Bank (HAFC) have Korea Desks?

Hanmi Bank has Korea Desks in Los Angeles, Orange County, San Diego, Silicon Valley, New York, New Jersey, Georgia, and Texas.

Hanmi Financial Corp

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