Reuters, 18 Nov 2008, Kim Yeon-hee
SEOUL, Nov 18 (Reuters) - Hana Financial Group South Korea's No. 4 banking group, will raise 1 trillion won ($710.7 million) in capital to improve its financial status, a newspaper said on Tuesday, citing an unnamed Hana official.
The Maeil Business Newspaper said that Hana, in which Singapore's Temasek [TEM.UL] and Goldman Sachs own a combined 18 percent stake, would stage two 500 billion won bond issues, with the proceeds to be used to shore up its capital base.
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