Hana Financial eyes card business spin-off

SEOUL, April 16 (Yonhap) -- Hana Financial Group Inc., South Korea's No. 4
financial services company, said Thursday it will seek to spin off the card
business from its banking unit in a bid to beef up its non-banking business.
Hana Financial Group's board plans to discuss how to separate the card business
from Hana Bank at a meeting slated for April 24, the group said.
If the board gives a greenlight to the plan an envisioned card unit is forecast
to be included into the group's affiliates as early as the second half of this
year, subject to regulatory approval, it added.
sooyeon@yna.co.kr
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