Hanmi Bank opened its first representative office in Seoul, South Korea, aimed at further enhancing the bank’s U.S. Subsidiaries of Korean Companies (USKC) business initiative.
The new representative office is located within the International Finance Center Seoul and is aimed at allowing Hanmi Bank to better reach and support its USKC customer base. This latest effort complements the bank’s existing Korea Desks in Los Angeles, Orange County, San Diego and Silicon Valley in California, and in key cities in New York, New Jersey, Georgia and Texas.
“This convenient location in the heart of Seoul’s financial center is an important milestone for our USKC initiative,” Bonnie Lee, president and CEO of Hanmi, said. “Foreign direct investment from South Korea into the U.S. has steadily increased in recent years, and we anticipate this trend to continue. Our direct presence in Seoul ensures that we can deliver sound counsel, market intelligence and in-language customer support, all based on our deep understanding of the countries’ business cultures.”
The bank already provides a wide range of banking services to U.S. subsidiaries of South Korean-based companies doing business in or expanding their operations into the U.S., including commercial lending, trade finance, equipment financing, real estate investment and treasury management.
