Hana Financial Group Chairman Ham Young-joo / Courtesy of Hana Financial Group

Hana Financial Group Chairman Ham Young-joo purchased 5,000 shares of the group's stock, reaffirming his commitment to responsible management and enhancing shareholder value, the group announced Tuesday.

The banking group explained that the decision by top management aims to ensure the success of its Value-up plan, which seeks to make the stocks more attractive to foreign investors. This move is intended to translate into actual growth in shareholder value, amid the undervaluation of the stock price due to increasing uncertainties both domestically and internationally.

Other key executives of Hana Financial Group also joined in the stock purchase, showing their commitment to responsible management. Vice Chairman Kang Seong-muk followed Ham by purchasing 1,200 shares, Vice Chairman Lee Seung-lyul 1,000 shares, Deputy President Park Jong-moo 500 shares, Deputy President Kim Mi-sook 500 shares, Executive Vice President Kang Jae-shin 500 shares, Executive Vice President Park Geun-hoon 400 shares, and Executive Vice President Kang Jung-han 250 shares.

With this move, the entire management of Hana Financial Group has demonstrated their firm confidence in the group's long-term growth and their commitment to the Value-up plan, the banking group said.

"Through this stock purchase, we will strengthen the execution of our Value-up plan and further enhance communication with our shareholders. We will continue our efforts to become a leading example of Value-up in the financial sector," the chairman said.

In its Value-up plan, Hana suggested its goal of achieving a total shareholder return rate of 50 percent by 2027.