News Life and Health04 Sep 2024

South Korea:Improper loans cloud Woori's proposed acquisitions of Dajia-related insurers

| 04 Sep 2024

Woori Financial Group (Woori FG) has signed a stock purchase agreement to acquire Tongyang Life Insurance and ABL Life Insurance for a total sum of KRW1.55tn ($1.15bn). Woori FG will acquire a 75.34% stake in Tongyang Life for KRW1.28tn and a 100% stake in ABL Life for KRW265.4bn.

Archived articles are available to Magazine subscribers only.

If you are already a subscriber

OR sign-up for a trial access here

For Full Access to the magazine SUBSCRIBE here.
CAPTCHA image
Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 
Error : Object reference not set to an instance of an object.
Recent Comments
Other News
Life & Health

more »

Non-Life

more »

People

more »

Reinsurance

more »

Regional

more »

Regulations

more »

Technology

more »

Follow Asia Insurance Review

About

News

Conferences

Products

Ins Communications Pte Ltd., 103A Amoy Street, Singapore 069923. Tel: (65) 6224 5583, Fax: (65) 6224 1091 | Copyright 2024 All rights reserved.