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OK Financial Selected as Lead Bidder for Yebyul Damage Insurance Acquisition on July 10

2026-07-09 11:02:29

According to Korea Deposit Insurance Corporation, OK Financial was selected on July 10 as the lead bidder for acquiring Yebyul Damage Insurance, marking its entry into the insurance business. The corporation conducted a second round of competitive bidding that included Korea Investment Finance Holdings and Heungkuk Fire and Marine Insurance. Investment banking sources estimated the government support package at approximately 1 trillion Korean won, with OK Financial offering the lowest bid among bidders.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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