Woori Financial Group Inc. (KOSE:A316140) agreed to acquire 73% stake in Tong Yang Asset Management Corp from Tong Yang Life Insurance Co., Ltd. (KOSE:A082640) for KRW 123 billion on March 6, 2019. Tong Yang Life Insurance will sell 2.9 million shares in Tong Yang Asset Management. Board of Directors of Woori Asset Management Corp passed a resolution on March 6, 2019.