By Jun Ji-hye | The Korea Times | March 17, 2025
Meritz Fire & Marine Insurance abandoned its acquisition of MG Non-Life Insurance on Thursday, after facing strong opposition from the latter’s labor union, industry officials said.Read More »Meritz abandons MG Non-Life acquisition: Liquidation ahead?
By Jun Ji-hye | The Korea Times | March 17, 2025
Woori Financial Group’s planned acquisitions of Tongyang Life Insurance and ABL Life Insurance, worth approximately 1.55 trillion won ($1 billion), have hit a snag as the Financial Supervisory Service (FSS) decided to downgrade the company’s management assessment rating from Level 2 to Level 3, industry and government officials said Monday.Read More »Management rating downgrade complicates Woori’s insurance acquisitions