Woori Financial Group Inc. completed the acquisition of 75.34% stake in Tong Yang Life Insurance Co., Ltd. from Anbang Group Holdings Co. Limited and Dajia Life Insurance Co., Ltd.
Woori Financial Group Inc. (KOSE:A316140) agreed to acquire 75.34% stake in Tong Yang Life Insurance Co., Ltd. (KOSE:A082640) from Anbang Group Holdings Co. Limited and Dajia Life Insurance Co., Ltd. for KRW 1.3 trillion on August 28, 2024. A cash consideration of KRW 1.28 trillion will be paid by Woori Financial Group Inc. As part of consideration, KRW 1.28 trillion is paid towards common equity of Tong Yang Life Insurance Co., Ltd. The transaction is subject to approval from the regulatory authorities.
Woori Financial Group Inc. (KOSE:A316140) completed the acquisition of 75.34% stake in Tong Yang Life Insurance Co., Ltd. (KOSE:A082640) from Anbang Group Holdings Co. Limited and Dajia Life Insurance Co., Ltd. on July 1, 2025.
Woori Financial Group Inc. is a financial holding company. The Companyâs main subsidiary companies include Woori Bank, WOORI FIS Co., Ltd., Woori Finance Research Institute, woori credit Information co., Ltd., Woori Private Equity Asset Management Company, Ltd and WOORI FUND SERVICE LIMITED., among others. Woori Bank provides deposits, loans, funds, foreign exchange transactions, payment guarantees, securities investment, trust investment, and credit card services. WOORI FIS Co., Ltd. provides computer system installation and development, software development, telecommunication equipment supply and maintenance services. Woori Finance Research Institute conducts research activities on management strategies and the financial industry. woori credit Information co., Ltd. is engaged in credit investigation and collection of bonds. WOORI FUND SERVICE LIMITED. is engaged in private equity investment.
Woori Financial Group Inc. completed the acquisition of 75.34% stake in Tong Yang Life Insurance Co., Ltd. from Anbang Group Holdings Co. Limited and Dajia Life Insurance Co., Ltd.
