PRINT THIS PAGE South Korean Hana Bank launches $50m private equity fund21/02/2005. Source: AltAssets. 
 Korea's Hana Bank has launched a $50m private equity fund, Korean newspapers reported. Hana-Cambridge-IMM Private Equity Fund will invest in small and medium-sized companies.
Following the merger with Seoul Bank in 2002, Hana Bank became the country's third largest bank with assets totalling KRW88tn, according to the bank.
The Korean private equity market has become an attractive target for investors in the country and abroad as the legal environment is becoming more favourable, exit routes are becoming more apparent and a number of successful exits have been completed. For example, US-based Carlyle doubled its money when it sold the Korean KorAm Bank to Citigroup early in 2004.
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