US EditionKyobo Life to Acquire 30% Stake in SBI Savings Bank
Summary by businesskorea.co.kr
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Kyobo Life to Acquire 30% Stake in SBI Savings Bank
The head office of Kyobo Life Insurance at Gwanghwamun, central Seoul (Photo courtesy of Kyobo Life Insurance) Kyobo Life Insurance is poised to enter the savings bank industry by acquiring a 30% stake in SBI Savings Bank, becoming the second-largest shareholder. The acquisition, set to be finalized next week with a stock purchase agreement valued at approximately 300 billion won, is a significant step in Kyobo’s strategy to transition into a fi…
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