The KEB Hana Bank, domiciled in Seoul, Korea, originated from the merger of Hana Bank with Korea Exchange Bank.
The Hana Financial Group took over Korea Exchange Bank in February 2012 from the US investment company Lone Star. The management of the Korea Exchange Bank and Hana Bank, however, remained separated until September, 2015.
The official merger of Hana Bank and Korea Exchange Bank to KEB Hana Bank took place on September 1, 2015 thus ending the 48-year history of Korea Exchange Bank since its establishment in 1967.
With the merger, all assets of the new bank reached 299 trillion won or 255 billions of dollars and thus holds the leading position among the commercial banks in South Korea.
KEB Hana Bank consists of a network of 134 foreign branches in 24 countries, mainly in Europe, the Middle-East, the Americas, and in particular in the Asia-Pacific region