Hana Financial to Lead 4 Trillion Won Project Financing for Jamsil Sports·MICE Complex

Bringing Together the Capabilities of Hana Securities and Hana Bank for Financial Structuring and PF Financing
Kang Sungmook: "A 'One IB' Collaboration Case for Hana Financial Group"

Hana Financial Group announced on July 30 that Hana Securities and Hana Bank will participate as the lead and joint financial arrangers in the “Jamsil Sports·MICE Complex Private Investment Project,” and will be pursuing project financing (PF) worth 4 trillion won.

Seoul Metropolitan Government and the project operator, tentatively named Seoul Smart MICE Park, signed an implementation agreement for the project on July 28.

Seoul Smart MICE Park is a special purpose company that will be established to implement the project, with Hanwha Construction Division as the lead company and other investors including construction, operations, and financial investors participating as shareholders.

Hana Financial Group, along with Hanwha Construction Division and Hyundai Development Company I-Park, formed the “3H Consortium” and was selected as the preferred negotiation partner in December 2021.

This project is the largest private investment complex development in South Korea, constructing exhibition and convention facilities, a domed baseball stadium, sports complex, and accommodation, commercial, and office buildings on approximately 350,000 square meters around Jamsil Sports Complex.

Hana Financial Group plans to leverage the capabilities of Hana Securities and Hana Bank to design the financial structure and raise PF financing for the project.

Kang Sungmook, Vice Chairman of Hana Financial Group, said, “This project is a representative case of ‘One IB’ collaboration, in which Hana Securities and Hana Bank create synergy based on their respective expertise,” adding, “We will continue to organically connect the group’s investment banking capabilities to support the stable implementation of large-scale private investment projects.”

This content was produced with the assistance of AI translation services.