Financial authorities, MG Insurance Insurance Agreement is transferred to non -reporting (bridge insurance company)

News Corporate Finance & M&A General Updates

Date: 3rd Sep, 2025 Source: Financial Services Commission Country: South Korea Original Source

Brief

On "03/09/2025", the "Financial Services Commission" issued an update regarding "Financial authorities, MG Insurance Insurance Agreement is transferred to non-reporting (bridge insurance company)". The Financial Committee approved the contract transfer and business suspension decision for MG Insurance Company. This will allow all 122 million insurance contracts to be transferred to new insurer, Yebul Insurance Company, without changes in contract conditions.

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Financial Services Commission

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Financial authorities, MG Insurance Insurance Agreement is transferred to non -reporting (bridge insurance company)

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