Hanwha Life Asset Company Limited announced that it expects to receive KRW 21 billion in funding from Hanwha Life Insurance Co., Ltd.
August 17, 2021
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Hanwha Life Asset Company Limited announced that it will issue 4,200,000 shares at an issue price of KRW 5,000 for gross proceeds of KRW 21,000,000,000 in an equity round of funding on August 18, 2021. The transaction will include participation from returning investor Hanwha Life Insurance Co., Ltd., which will retain its 100% stake in the company. The transaction has been approved by the board of directors of the investor. The transaction is expected to close on September 16, 2021.
Hanwha Life Insurance Co Ltd is a Korea-based company engaged in life insurance business. The Company provides pure endowment, including annuity insurance, savings insurance, and juvenile insurance; insurance against death, including term insurance and whole life insurance; and mixed insurance including endowment insurance. Group insurance sells group endowment insurance, group annuity insurance, and group term life insurance for groups. The Company is also engaged in special account management. The Company operates its businesses in domestic and overseas markets such as Vietnam and Indonesia.
HANWHA LIFE INSURANCE CO., LTD. 
