Woori Financial Group Realigns Acquisition Strategy

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

Woori Financial Group Inc. has announced it will not proceed with the acquisition of a stake in Lotte Insurance Co., refocusing its strategy on enhancing its non-banking sector competitiveness. Meanwhile, the company is in the process of considering acquisitions of Tong Yang Life Insurance Co., Ltd. and ABL Life Insurance Co., Ltd. and will disclose further details either once decisions are finalized or within a month.

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