Hana Financial Group is launching an artificial intelligence data center (AIDC) development project with GS Engineering & Construction as part of its productive finance initiative. The group aims to maximize returns by going beyond simple funding to include financial arrangement and co-investment.
Hana Financial announced Wednesday that Hana Bank and Hana Securities signed a memorandum of understanding with GS Engineering & Construction and Jibesco Asset Management for "promoting productive finance transformation."
Under the agreement with GS Engineering & Construction, Hana Financial committed to collaboration across all project stages, including funding support for productive finance activation, investment and fund formation, and identifying business opportunities and co-investment development for AIDC projects. GS Engineering & Construction subsidiaries with AI data center investment, leasing, and operation capabilities also joined the consortium.
Hana Financial has set a policy to maximize profitability by participating from the early stages of AIDC development projects. The group plans not only to provide initial project funding to GS Engineering & Construction but also to participate in fund formation and investment. Additional returns are expected through advisory services and financial arrangement when large-scale funding is needed.
Hana Financial has pursued productive finance through support for national high-tech strategic industries. The group recently formed the "Hana Modu Growth Infrastructure Fund" worth 500 billion won ($370 million). The fund's main investment targets are divided into renewable energy sectors including hydrogen, energy storage systems (ESS), and environmental facilities, as well as digital infrastructure sectors such as AIDC and AI computing centers.
"Through this MOU, we will expand the shift of funds toward productive finance and actively support high-tech strategic industries including AI data centers, contributing to enhancing national industrial competitiveness," said Kang Sung-mook, Vice Chairman of Hana Financial Group and CEO of Hana Securities.
The signing ceremony was attended by Kang Sung-mook, Vice Chairman of Hana Financial Group and CEO of Hana Securities; Lee Ho-sung, President of Hana Bank; and Heo Yoon-hong, CEO of GS Engineering & Construction.
