Hana Financial Group chairman Kim Seung - yu has pledged to ensure the job security of about 8 , 000 Korea Exchange Bank employees if the group successfully acquires the lender . During a news conference on Sunday , Kim downplayed the possibility that Hana will conduct a massive manpower restructuring after a merger . He also said the financial group will file a bank merger application with the Financial Services Commission on Monday . The application will seek the regulatory approval of Hana Financial ’ s revised preliminary deal to take over KEB from Lone Star Funds . “ Considering the time limit under the contract with Lone Star , we should be in a hurry , ” a Hana spokesman said . Under the revised contract , which was filed with the main bourse by Hana Financial last Friday , Lone Star is entitled to drop out of the preliminary deal unilaterally from Jan . 1 . “ As a preemptive measure against possible delay in regulatory endorsement , the U . S . - based equity fund demanded we include the clause in the contract , ” the spokesman said . While their revised contract expires on Feb . 29 , all parties are banned from dropping out of the deal if the FSC approves the application by Feb . 22 , according to Hana ’ s public disclosure on the stock market . Chairman Kim signed the new contract with Lone Star ’ s senior officials in Hong Kong over the weekend . The revised deal has the takeover price worth 3 . 915 trillion won ( $ 3 . 44 billion ) , or 11 , 900 won per share , down 490 . 3 billion won from 4 . 4059 trillion won , or 13 , 390 won per share , under the earlier one . Meanwhile , the Korean Financial Industry Union has speculated that Hana made a behind - the - scenes contract with Lone Star under which the acquirer will pay the fund ’ s taxes on capital gains from the sale of KEB in the form of withholding taxes . A Hana spokesman denied the allegation , adding there was no undisclosed deal between the two sides . By Kim Yon - se ( kys @ heraldm . com )