Woori Financial Group Completes Acquisition of Tongyang and ABL Life

Woori Financial Group has officially completed the acquisition of Tongyang Life Insurance and ABL Life Insurance, celebrating the integration with a formal ceremony in Seoul. The move, finalised on 2 July, comes nearly 10 months after Woori signed a stock purchase agreement to expand its portfolio. The acquisitions mark Woori’s strategic transformation into a comprehensive financial services provider, adding insurance to its existing banking and securities businesses. The event was attended by 461 employees and executives and included the launch of new social responsibility projects across all 17 Woori affiliates.