STRATEGY
◆ Africa, a Region of Untapped Potential and Systemic Challenges
While many Korean private equity firms are seeking to expand abroad, cross-border investments are unlikely to succeed without a clear and localized strategy.
HB is actively advancing its initiatives in Africa by leveraging the extensive experience and strategic partnerships of its affiliate, Make Group, which has been engaged in the region for over 20 years.
Based on trusted relationships with heads of state and key government leaders, HB is focusing its efforts on West Africa (the 15 member states of ECOWAS), where rapid growth is anticipated.
◆ Presidential Business Roundtable
Business Roundtable Hosted by the Office of the President of Liberia
On June 5, 2024, the Korea–Africa Summit was held in Seoul, bringing together heads of state and senior representatives from all 54 African nations at the invitation of the Korean government.
Ahead of the summit, on June 3, a business roundtable was held at the Josun Palace Hotel, hosted by the Office of the President of Liberia and attended by His Excellency President Joseph Nyuma Boakai, Sr. and over 60 Korean business leaders. The event was organized by Make Group and Han & Brothers (HB).
An MOA was signed with the Government of Liberia for sustainable development and cooperation in the country.
◆ Official Visits to Ghana and Liberia
Official Visit to Ghana (February 18–24, 2025)
At the invitation of the President of Ghana, an executive team from HB and Make Group paid an official visit to discuss new business opportunities following the election of His Excellency President John Dramani Mahama.
First Official Visit to Liberia (February 24 – March 2, 2025)
At the invitation of the President of Liberia, an executive team from HB and Make Group conducted an official visit, holding follow-up meetings with key ministries and the Executive Mansion to advance the implementation of the MOA signed in June 2024.
Second Official Visit to Liberia (June 2–8, 2025)
At the invitation of the President of Liberia, HB and Make Group paid a second official visit to the country to conduct in-depth consultations and site assessments with relevant ministries and agencies for the full-scale implementation of strategic partnership projects. During the visit, a new MOA(definitive agreement) was signed concerning the acquisition and establishment of a global universal bank in Liberia.
Third Official Visit to Liberia (October 11–21, 2025)
At the invitation of the President of Liberia, the executives of HB and Make Group paid their third official visit to Liberia, during which they signed definitive MOAs with the Government covering ten infrastructure projects, including maritime projects.
Fourth Official Visit to Liberia (December 13–21, 2025)
At the invitation of the President of Liberia, HB and Make Group conducted their fourth official visit to Liberia. In coordination with domestic technical experts, the Group carried out intensive on-site due diligence on priority projects to advance the implementation of the MOAs signed with the Government of Liberia. As a result, key initiativesㅡincluding the establishment of a commercial bankㅡentered a full-scale execution phase.
