By Choi Ji-won | The Korea Herald | April 24, 2024
Korean life insurer secures 40% stake in Jakarta-based Nobu Bank
Hanwha Life, a leading Korean insurance company and the life insurance subsidiary of Hanwha Group, has made a strategic move into the Indonesian banking sector through a stake investment.Read More »Hanwha Life taps into global banking through fresh investment in Indonesia
By Hyeong-Gyo Seo | The Korea Economic Daily | April 24, 2024
Korea’s second-largest insurer will buy a 40% stake in Nobu Bank to tap into the Southeast Asian banking industry
South Korea’s second-largest insurer Hanwha Life Insurance Co., with 109 trillion won ($79.4 billion) in total assets as of end-September 2023, said on Wednesday it will buy shares in a banking unit of Indonesian conglomerate Lippo Group to expand its business in Southeast Asia, which is experiencing strong economic growth with fast-growing middle-class populations.Read More »Hanwha Life to buy stake in Indonesia’s Lippo-owned bank