Photo = Woori Finance

 

[Alpha Biz= Reporter Kim Sangjin] Woori Financial Group did not participate in the main bidding for Lotte Insurance on the 28th.

Woori Financial Group's management reportedly made a final decision not to participate in the main bidding based on the results of due diligence on Lotte Insurance.

In response to the Korea Exchange's request for inquiry disclosure, Woori Finance replied, "We considered acquiring Lotte Insurance's stake in order to strengthen non-banking competitiveness, but decided not to pursue it."

Woori Finance is expected to focus on the acquisition of Tongyang Life Insurance and ABL Life Insurance.

 

 

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