Woori Financial joins bid for Lotte Insurance

The Korea Times

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Corporation: Dongwha Enterprise

Woori Financial joins bid for Lotte Insurance

Woori Financial Group has jumped into the bidding competition to acquire Lotte Insurance, industry sources said Thursday. Woori Financial is the only major domestic financial group that does not have an insurance affiliate, and the group has long outwardly spoken about its intention to strengthen its non-banking business through acquisitions.