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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 country's fourth-largest general agent last year in terms of revenue. The company is the only local independent agent using digitall...

Chae-Yeon Kim Dec 16, 2020 (Gmt+09:00) ENG The Ontario Teachers' Pension Plan (OTPP) has agreed to invest 300 billion won ($275 million) in South Korea’s leading fried chicken brand BHC Group, valuing the franchise at 1.8 trillion won ($1.7 billion), according to investment banking sources on Dec. 16. The Canadian pension fund has recently signed an agreement to buy shares in a special purpose company (SPC) that owns BHC from its existing shareholders, including Asia-based Elevation PE.  The SPC was formed in 2018 by BHC Chairman Park Hyun-jong, MBK Partners’ inaugural Special...