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FSC Approves Woori Financial Group’s Acquisition of Dongyang Life and ABL Life as Subsidiaries

News Corporate Finance & M&A General Updates
Date: 2nd May, 2025 Source: Financial Services Commission Country: South Korea Original Source

Brief

On "02/05/2025", the "Financial Services Commission" issued an update regarding "FSC Approves Woori Financial Group’s Acquisition of Dongyang Life and ABL Life as Subsidiaries". The approval allows Woori Financial Group to acquire a majority stake in Dongyang Life Insurance and ABL Life Insurance, solidifying its presence in the life insurance market. This strategic move aims to enhance the group's overall financial stability and competitiveness.

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Financial Services Commission

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