Korea Financial Group Begins Due Diligence on Lotte Insurance: "Reviewing Multiple Candidates"

Korea Financial Group, which is seeking to acquire an insurance company, has begun due diligence on Lotte Insurance.

According to the financial investment industry on September 18, Korea Financial Group recently selected Deloitte Anjin as its accounting advisor and has started due diligence on Lotte Insurance.

Korea Financial Group is reviewing the acquisition of insurance companies that are up for sale in order to secure an insurance license.

Previously, the company also conducted due diligence on BNP Paribas Cardif Life Insurance.

The acquisition of an insurance company by Korea Financial Group appears to be aimed at strengthening synergies among its affiliates.

Korea Investment Holdings currently has subsidiaries such as Korea Investment & Securities, Korea Investment Savings Bank, and Korea Investment Capital, but does not have an insurance company.