Hana Financial Group has added a real estate investment trust affiliate to make inroads into the market for real estate management.

Hana Financial, South Korea's fourth-largest financial service firm, incorporated Daol Trust as one of its units after acquiring a 58 per cent stake for USD45m.

Daol Fund Management, which manages real estate assets, will also be added to the group.

The new units will be renamed Hana Daol Trust and Hana Daol Fund Management, respectively.

"Daol Trust has been operating conservatively due to a recent freeze in the property market, but it will actively create sales opportunities in the future to form synergies with the group," a Hana Financial official said.