Shinhan Financial Group to buy 77.04% stake in Lotte Non-Life Insurance for KRW 693.34 billion
SHG•Shinhan Financial Group moved to buy 239,082,287 shares of Lotte Non-Life Insurance for KRW 693.34 billion, which would give it a 77.04% stake and management participation control. The cash-funded purchase price may change before closing.
1. Planned share purchase
Shinhan Financial Group’s board decided on Oct. 13, 2026, to purchase 239,082,287 Lotte Non-Life Insurance shares for KRW 693.34 billion, targeting subsidiary status. The purchase would raise Shinhan’s stake to 77.04%, giving it management participation control; the price remains subject to change until closing.
