Ham Young-joo, chairman of Hana Financial Group, appeared on YouTube to reaffirm his commitment to enhancing corporate value.
The Hana Financial Group YouTube channel, 'Hana TV,' released an interview video of Chairman Ham on the 27th. In the video, Ham stated that he aims to rapidly recover the stock price and raise Hana Financial's price-to-book ratio (PBR) to over 1. The PBR refers to the ratio of the stock price to the net worth per share. Typically, a PBR below 1 suggests that the stock is undervalued. Ham noted, "Currently, the stock price of domestic financial corporations is trading below a PBR of 1, indicating it is significantly undervalued. The low rate of return to shareholders compared to global bank stocks is a major cause, and Hana Financial aims for a total return to shareholders of 50% by 2027."
Chairman Ham also emphasized sustainable revenue generation and strategic capital management policies as prerequisites for expanding shareholder returns. He conveyed, "The key to enhancing value is to efficiently utilize limited capital and create a sustainable revenue structure," adding, "I will focus on strengthening our non-banking business portfolio."