This article examines financial risk management in multinational corporations (MNCs) by focusing on the complementary roles of financial hedging and geographic diversification in mitigating global financial risk. MNCs operating across multiple countries are exposed to complex risks arising from exchange rate volatility, interest rate fluctuations, and cross-country economic uncertainty, which may adversely affect cash flows and firm value. Financial hedging, through instruments such as forward contracts, currency options, and interest rate swaps, is widely used to manage short-term market risks and stabilize financial performance. Meanwhile, geographic diversification functions as an operational hedging mechanism that reduces long-term and structural risk by spreading business activities across diverse economic environments. This article adopts a conceptual and literature-based approach to analyze how these two strategies interact within an integrated risk management framework. The novelty of this study lies in its integrated perspective, emphasizing that the combination of financial hedging and geographic diversification provides more effective risk mitigation than either strategy implemented in isolation. The findings offer important implications for multinational financial management in volatile global markets.