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KEB Hana Bank, Bank of Hope set up partnership

South Korea's KEB Hana Bank and Los Angeles-based Korean-American bank Bank of Hope inked an agreement to set up a partnership.

The two banks will assist each other in the foreign currency and private banking businesses, according to a May 30 news release by KEB Hana Bank.

KEB Hana Bank and Bank of Hope are units of Hana Financial Group Inc. and Hope Bancorp Inc., respectively.