Hana Financial Group announced today (July 30) that Hana Securities and Hana Bank will participate as the lead and co-financial arrangers for the private investment project to develop the Jamsil Sports and MICE (Meetings, Incentives, Conferences, and Exhibitions) complex, driving a project financing (PF) scale of 4 trillion won.

This project is a private investment initiative to build a complex facility comprising exhibition and convention centers, a domed baseball stadium, a sports complex, and lodging, commercial, and business facilities on an approximately 350,000-square-meter site around the Jamsil Sports Complex.

The Seoul Metropolitan Government and Seoul Smart MICE Park (tentative name), the project implementer, signed a concession agreement on the 28th.

In this project, Hana Securities participates as a financial investor and lead financial arranger for Seoul Smart MICE Park, while Hana Bank joins as the co-financial arranger.

Hana Financial has already completed the formation of the syndicate of lenders for financial procurement.

(Photo: Provided by Hana Financial, Yonhap News)