Samsung Life Insurance Is Considering on Incorporating Samsung F&M Insurance as a Subsidiary
After the market close on 4 February, several local news outlets reported that Samsung Life Insurance is considering on incorporating Samsung Fire & Marine Insurance as a subsidiary.
Share cancellation by Samsung F&M Insurance would lead to an increase in ownership stake of Samsung F&M Insurance by Samsung Life Insurance which would violate the current Insurance Business Act.
It is unlikely for Samsung Life Insurance to sell some of its stake in Samsung F&M Insurance, but Samsung Life Insurance could increase its stake in Samsung F&M Insurance.
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