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Kakao, Naver eyeing $8.9 million investment in insurance firm

By Kim Yoo-chul Naver and Kakao are looking at investing in a local independent insurance broker as a way to expand their portfolios in the financial sector, according to industry sources, Friday. Both Naver and Kakao are considering investing up to 10 billion won ($8.9 million) in Aplus Asset, which sells various insurance products in partnerships with life and non-life insurance companies. "Naver and Kakao are interested in acquiring an up to 5 percent equity stake in Aplus Asset. But it is u...
Kim Yoo Chul Aplus Asset கிம் யூ சுல்

Woori Bank considers investing in local general agent

Woori Bank considers investing in local general agent Posted : 2021-04-23 16:09 By Kim Yoo-chul Woori Bank is considering investing in a local independent general agent as the bank aims to diversify its business portfolio, local industry sources said Friday. The bank recently accepted a letter of intent (LOI) submitted by Rich & Co., a local insurance broker. Established in 2006 and led by former Samsung Electronics executive Han Seung-pyo, Rich & Co. was the countrys fourth-largest general a...
Han Seung Pyo Kim Yoo Chul Corstone Asia Rich Co Samsung Electronics Woori Bank

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