RNS Number:2149F
Hana Bank
17 December 2002

                            NOTICE OF MERGER UPDATE


HANA BANK

10 December, 200

Effective as of December 1, 2002, Hana Bank was merged into SeoulBank pursuant
to the laws of the Republic of Korea (the "Merger").  Pursuant to such Merger
the name of the entity formerly known as SeoulBank has been changed to Hana
Bank.

HANA BANK (f/k/a SEOULBANK)

US$150,000,000 Subordinated Floating Rate Notes due 2006 issued pursuant to the

US$500,000,000 Euro Medium Term Note Programme

ISIN: XS0067803006

Common Code: 6780300


fully paid
(Regulation S and Rule 144A)

                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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