Woori Financial Group Eyes Insurance Industry

Woori Finance Holdings Co (WF) has released an update.

Woori Financial Group Inc. is actively exploring an expansion into the insurance sector, having entered into preliminary discussions for the acquisition of Tong Yang Life Insurance Co., Ltd., ABL Life Insurance Co., Ltd., and Lotte Insurance Co., Ltd. However, the company has clarified that no definitive decisions have been made yet, and further details will be disclosed in the near future or within a month from the report’s date.

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