Woori Financial Group's Board approved a comprehensive share exchange on 2026-04-24 to acquire all remaining Tongyang Life Insurance shares and make Tongyang Life a wholly owned subsidiary. The exchange is expected to issue 8,696,875 new Woori Financial shares to Tongyang Life minority shareholders, changing Woori Financial's outstanding share count.
Korean translation
2026년 4월 24일 이사회에서 자회사인 동양생명보험을 포괄적 주식 교환을 통해 완전 자회사로 편입하는 안건 결의 예정됨.