Woori to buy Dajia’s insurers in Korea for up to $2.2 bn
By Jun-Ho Cha, Seok-Cheol Choi and Jae-Won Park | The Korea Economic Daily | June 26,2024
Woori to buy Tongyang, ABL, not to bid on Lotte Insurance, dampening other insurers’ hopes to sell their stakes to the group
Woori Financial Group Inc., South Korea’s fourth-largest financial services holding company, is set to acquire China’s Dajia Insurance Group Co.’s insurers in Korea for up to an estimated $2.2 billion to strengthen its non-banking businesses.Read More »Woori to buy Dajia’s insurers in Korea for up to $2.2 bn