Korea Exchange Bank (Korean ：한국외환은행) Was Established In 1967 And Is The Only Foreign Currency Exchange Bank In South Korea, Headquartered In Seoul. Korea Exchange Bank Was Originally Established As A Korean Government Bank. It Was Privatized In 1989 And Listed On The Korea Exchange. Currently Hana Financial Group Is The Largest Shareholder Of The Bank. Korea Exchange Bank Has Many Overseas Branches And Cooperative Banks, And Its Branches In China Were Merged Into Hana Bank China In 2014.
Korea Exchange Bank Was Established In 1967 As One Of The Government Enterprises, Mainly Supporting South Korea's Import And Export Trade. At That Time, It Was The Only Foreign Currency Bank In South Korea. In 1989, Korea Exchange Bank Was Privatized And Listed On The Korea Exchange. It Was One Of The First Commercial Banks In South Korea.
Due To The Impact Of The Asian Financial Crisis, Lone Star Funds, A Leveraged Buyout Group, Acquired The Bank In 1997. In May 2006, Lone Star Agreed To Sell The 65% Stake To Kookmin Bank For More Than US $6 Billion, But The Transaction Was Ultimately Fruitless.
In 2007, HSBC, Through An Indirect Wholly-owned Subsidiary HSBC Asia, Acquired A 51% Stake On September 13, 2007 For US $6.317 Billion (approximately HK $49.30 Billion). However, Due To The Unresolved Litigation Involving The Bank's Major Shareholders, The Transaction Has Not Been Approved, And HSBC Announced The Cancellation Of The Transaction On September 19, 2008. In January 2012, Korean Regulators Approved Hana Financial Group's Acquisition Of A 51.02% Stake In Korea Exchange Bank.
Former Seoul Bank
December 1959: Local Bank "Seoul Bank" Established
April 1962: Approved To Establish A Busan Branch In Nampodong, Jung-ku, Busan, Restructured Into A Commercial Bank
August 1976: Seoul Bank Merged With Trust Bank, Renamed "Seoul Trust Bank", June 1995: Renamed "Seoul Bank"
December 2002: Hana Bank Merged With Seoul Bank, Seoul Bank Was The Surviving Company, And The Original Hana Bank Was The Eliminated Company
Former Hana Bank
Hana Bank Was Established In 1991, Merged With Chungbuk Bank In 1999, And Seoul Bank In 2002. September 2015: Korea Exchange Bank Merged With Hana Bank To Form KEB Hana Bank.
KEB Hana Bank
October 2016: BNB Hana Bank Changed To Hana Bank USA.
May 2017: The Computing Center Was Moved To Xichangla Dongchanla International City, Incheon Metropolitan City.
In February 2020, KEB Hana Bank Was Renamed Hana Bank.
