Shares of top local financial groups and their bank subsidiaries are unlikely to rebound for the time being, hobbled largely by the “mutual growth” drive of President Yoon Suk Yeol backed by both the ruling and opposition parties, as well as financial authorities, market watchers said Wednesday.
Hana Financial Group has decided to provide financial support to Hana Securities by issuing hybrid securities amounting to a maximum of 150 billion won ($116 million) at the end of this month, the financial group said on Monday.