Hana Bank
Major South Korean commercial bank, part of Hana Financial Group.
According to News1 on 3 November 2026, Hana Bank and the three other leading Korean banks rehired retirees last year in numbers equal to 79.1% of their graduate intake, putting veterans on credit screening and controls.
Last refreshed: 6 November 2026 · Appears in 1 active topic
Why is Hana Bank rehiring retirees instead of graduates?
Timeline for Hana Bank
Rehired retirees on fixed-term contracts
AI: Jobs, Power & Money: News1: Korea's big banks rehire retireesBackground
Hana Bank is the banking Arm of Hana Financial Group, based in Seoul. It merged with Korea Exchange Bank in September 2015 and traded as KEB Hana Bank for some years afterwards. Hana Financial reported first-quarter 2026 profit of ₩2.51tn.
The bank is one of four, with KB Kookmin, Shinhan and Woori, in a News1 tally of retirees brought back to work. The four rehired 1,013 former employees last year; the returners vet loans and run internal controls on contracts capped at two years, at lower pay than before.
News1 also found that bank hiring at entry level fell by around 30% in two years. In effect, at Hana as at its peers, older staff on cheaper terms supply the judgement, automation takes over repetitive work, and the squeeze falls on graduates.
Are South Korean banks rehiring retired staff?
When did Hana Bank merge with Korea Exchange Bank?
Why are South Korean banks hiring fewer graduates?
Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 6 November 2026. Editorial standards.