Hana Bank

South Korea

Hana Bank is a leading South Korean bank providing a wide range of financial services and solutions, including banking, investment, wealth management, and international services. The bank serves both individuals and businesses, offering personal banking accounts, loans, asset management, and commercial banking solutions.

CCI Score

41.88

June 19

Latest Event

Declaration of Human Rights Commitment by Hana Financial Group

Hana Financial Group has publicly declared its commitment to human rights by outlining ethical management practices in its Code One. The declaration includes a prohibition on forced labor and child labor, and it upholds the right of employees to form unions, aligning with the UN’s human rights principles.

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DISSENTER

Hana Bank is currently rated as a Dissenter.

+25 to +44 CCI Score

These companies are vocal in their opposition to authoritarian regimes. They publicly criticize oppressive policies and engage in advocacy efforts to promote accountability and transparency, even if their actions aren’t as extensive as those of Moral Leaders.

Latest Events

OCT

01

2023

Declaration of Human Rights Commitment by Hana Financial Group
67.36

Hana Financial Group has publicly declared its commitment to human rights by outlining ethical management practices in its Code One. The declaration includes a prohibition on forced labor and child labor, and it upholds the right of employees to form unions, aligning with the UN’s human rights principles.
+80

Labor Relations and Human Rights Practices

June 19

The declaration underscores a strong commitment to labor rights and human rights. By explicitly prohibiting forced labor and child labor and supporting unionization, Hana Financial Group demonstrates ethical and progressive labor practices that resist authoritarian exploitation.

Declaration of the Human Rights of Hana Financial Group
JUL

12

2023

Hana Bank Releases Sustainable Finance Framework
65.88

Hana Financial Group has released its Sustainable Finance Framework that emphasizes social factors including the prevention of discrimination, promotion of workforce diversity, and stringent measures against child and forced labor. This framework aims to integrate robust labor rights and human rights standards into its financial practices, supporting marginalized communities and championing progressive, ethical business practices.
+80

Labor Relations and Human Rights Practices

June 19

The framework explicitly addresses key social and labor issues including discrimination prevention, workforce diversity, and combating child and forced labor. These measures support improved labor relations and human rights practices, aligning with progressive and anti-authoritarian values.

Hana Financial Group Sustainable Finance Framework
DEC

31

2022

Hana Financial Group Report Highlights Zero Political Contributions
62.49

The 2022 Sustainability Report from Hana Financial Group – which encompasses practices at Hana Bank – shows that the company has made zero political contributions or related lobbying expenditures. This deliberate policy reflects a strong commitment to ethical business practices and transparency, avoiding any engagement in activities that might assist authoritarian or far‐right agendas.
+80

Political Contributions and Lobbying Efforts

June 19

By reporting zero political contributions or support for political entities, Hana Financial Group demonstrates a clear stance against using corporate funds for politically charged or potentially authoritarian activities. This transparency and adherence to ethical standards are positive indicators from an anti-fascist perspective, ensuring that corporate political behavior does not support far-right or authoritarian movements.

Hana Financial Group 2022 Sustainability Report
OCT

01

2019

FSS Accuses Hana Bank of Mis-selling Derivatives-linked Fund
-28.21

The Financial Supervisory Service (FSS) launched an investigation revealing that Hana Bank, along with Woori Bank, mis-sold approximately 20% of their derivatives-linked fund products, raising concerns about unethical sales practices and potential harm to investors.
-50

Business Practices and Ethical Responsibility

June 19

The investigation into Hana Bank's mis-selling of derivatives-linked fund products indicates a breach in ethical business practices, as aggressive sales targets appear to have driven the bank to push complex financial products on consumers improperly. This mis-selling, which affected a significant volume of transactions, reflects irresponsible business conduct undermining consumer trust and accountability.

FSS Says Hana, Woori Banks Suspected of Mis-selling 20 Percent of Derivatives-linked Fund