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Hana Bank-Korea Exchange Bank merger to go ahead

The merger between Hana Bank (HB) and Korea Exchange Bank (KEB) will now go ahead after KEB union members agreed to the move earlier this week, following years of protests. This makes the merged entity South Korea’s largest bank in South Korea with AUMs of 290 trillion won (US$254 billion). HB parent Hana Financial Group bought KEB in 2012 for 4.4…

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