Source = Korea Financial Group

 

 

[Alpha Biz= Kim Jisun] Korea Investment Holdings is planning to acquire an insurance company, with a focus on small and medium-sized insurers.


According to sources in the financial investment industry on Thursday, Korea Investment Holdings is currently reviewing the acquisition of an insurance company, which reportedly includes BNP Paribas Cardif Life Insurance.


BNP Paribas Cardif Life Insurance is a joint venture established by BNP Paribas Cardif and Shinhan Financial Group, with BNP Paribas Cardif holding 85% of the shares and Shinhan Bank holding 15%.


Industry experts estimate that the acquisition price could range from 100 billion to 200 billion KRW.


To facilitate the acquisition, Korea Investment Holdings is said to be considering the selection of an advisory firm.


Although Korea Investment Holdings owns subsidiaries such as Korea Investment Securities, Korea Investment Savings Bank, and Korea Investment Capital, it does not have an insurance company.

 

 

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