- Synergy expected with reinforcement of the shared real estate and Hana Financial Group businesses
- Diversification of profit structures through expansion of the non-banking sections

Hana Financial Group (www.hanafn.com, CEO Jong-Yeol Kim) announced on the 10th that the change of major shareholders of Daol Trust was approved by the Financial Service Commission and that with the completion of the acquisition of related stocks, Daol Trust and Daol Fund were incorporated as a subsidiary and sub-subsidiary of Hana Financial Group.

                            
As Hana Financial Group acquired an additional 43% of Daol Trust stocks to become the major shareholder with a 58% share in the company, Daol Fund, a subsidiary of Daol Trust (Daol Trust was the major shareholder with 50.4% equity holdings in Daol Fund), would be incorporated as a sub-subsidiary. Accordingly, the name of the companies will be changed to Hana Daol Trust and Hana Daol Fund Management.

Daol Trust, established in 2004 and Daol Fund, established in 2006, were late-comers to the industry but were, nevertheless, specialists in the areas of real estate trust and asset operation. They had positioned themselves with a firm middle standing and had overseen expansion of their respective market shares through continuous growth policies.

With the incorporation of these two companies, Hana Financial Group is expected to synergize with the area of real estate that hitherto had been the purview of Hana Bank and Hana Daetoo Securities. Daol Trust and Daol Fund also have the potential and existing momentum to explore new opportunities for growth with the support of Hana Financial Group.