Woori signs $1.16 bn deal to acquire Tongyang, ABL Life from China’s Dajia
The acquisition is expected to bolster Woori’s non-banking sector via synergy with Woori Investment & Securities
By Jun-Ho Cha | The Korea Economic Daily | August 28, 2024
Woori Financial Group Inc., South Korea’s fourth-largest financial services provider, said on Wednesday it has signed a deal to acquire Tongyang Life Insurance Co. and ABL Life Insurance Co. from China’s Dajia Insurance Group Co. for 1.55 trillion won ($1.16 billion) to bolster its non-banking business.Read More »Woori signs $1.16 bn deal to acquire Tongyang, ABL Life from China’s Dajia