Hana Insurance Co. will raise 200 billion won ($146 million) via a rights offering to strengthen its core capital, anticipating new K-ICS regulatory requirements; the move follows a drop in its core capital ratio and completes Hana Financial Group’s full ownership of the insurer.
#YonhapInfomax #HanaInsurance #CapitalIncrease #KICS #CoreCapitalRatio #HanaFinancialGroup #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=85125
Hana Insurance Approves 200 Billion Won Capital Increase to Strengthen Core Capital Base
Hana Insurance Co. will raise 200 billion won ($146 million) via a rights offering to strengthen its core capital, anticipating new K-ICS regulatory requirements; the move follows a drop in its core capital ratio and completes Hana Financial Group’s full ownership of the insurer.
Hana Financial Group has acquired the remaining 8.56% stake in Hana Insurance from KTCU, securing full ownership and completing its 14-subsidiary portfolio, as the group seeks to boost non-banking profitability amid a challenging insurance market.
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Hana Financial Group Acquires Remaining Stake in Hana Insurance from KTCU, Completes Subsidiary Portfolio
Hana Financial Group has acquired the remaining 8.56% stake in Hana Insurance from KTCU, securing full ownership and completing its 14-subsidiary portfolio, as the group seeks to boost non-banking profitability amid a challenging insurance market.
Hana Insurance has secured a six-month exclusive right for a new insurance benefit offering in-home cognitive training to policyholders diagnosed with mild cognitive impairment, aiming to delay dementia progression and reduce social costs as South Korea’s elderly population grows.
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Hana Insurance Secures Six-Month Exclusive Rights for Pre-Dementia 'In-Home Cognitive Training'
Hana Insurance has secured a six-month exclusive right for a new insurance benefit offering in-home cognitive training to policyholders diagnosed with mild cognitive impairment, aiming to delay dementia progression and reduce social costs as South Korea’s elderly population grows.
Hana Insurance Secures Exclusive Rights for 'Legal Fee Coverage for Teachers Facing Criminal Charges'
Hana Insurance Co. has secured a six-month exclusive right for its new legal fee coverage product for teachers facing child abuse criminal charges, marking an industry first in South Korea.
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