Private 5G Moves Into Banking at Hana Financial’s 16-Floor Headquarters
Hana Financial’s new headquarters runs private 5G across 16 floors, giving roughly 3,000 employees secure wireless access to internal systems. The post Private 5G Moves Into Banking at Hana Financial’s 16-Floor Headquarters appeared first on TechRepublic .
Hana Financial Group's new headquarters in Cheongna, South Korea, is now utilizing private 5G technology across 16 floors to provide secure wireless access to internal systems for approximately 3,000 employees. This innovative network deployment, which SK Telecom, Hana Financial Group, and Samsung Electronics unveiled on September 28, marks the first of its kind in the Korean financial sector.
The private 5G smart office offers employees, equipped with 5G-enabled devices, wireless connectivity in both work and common areas, eliminating the need for Ethernet connections. SK Telecom, as the sole private 5G network vendor, supplied radios, baseband equipment, and a cloud-native 5G standalone core using the 4.7 GHz spectrum exclusively for private 5G in Korea.
Security measures within the network include authenticated devices, encryption, network separation, firewalls, DDoS defenses, and access controls. Moreover, network slicing enables Hana affiliates to maintain separate logical environments with tailored policies for their specific business and security needs.
South Korea's financial sector has historically adhered to stringent network-separation regulations to safeguard internal systems from external networks. The Financial Services Commission recently relaxed these rules on April 20, enabling the adoption of certain SaaS applications on internal networks without separate regulatory-sandbox approval, provided firms meet additional security requirements.
Despite its promising security features and mobility benefits, the announcement lacks concrete data on project costs, latency, throughput, reliability, or performance comparisons with enterprise Wi-Fi or wired networking. Consequently, Hana Financial Group cannot serve as a direct purchasing benchmark for private 5G implementation at other offices. The broader adoption of private 5G hinges on assessing whether its security and mobility advantages outweigh the added infrastructure and operational complexity.
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