Shinhan's Lotte Insurance deal faces profitability, capital hurdles
Shinhan Financial Group is seeking to bolster its nonbank operations by acquiring Lotte Insurance, but analysts cautioned Thursday that a meaningful contribution to group earnings may take time, as the insurer could require substantial additional capital to strengthen its financial position. Concerns over the cost of the deal weighed on Shinhan shares, which plunged 4.31 percent Wednesday…
Read original article on Korea Times News →Related news
-
Iran-backed Houthis strike Saudi oil company Aramco's headquarters, officials say
-
Hit director Jang Hang-jun returns with cheeky audition talk show
-
FSC's relocation to Sejong stirs unease across financial industry
-
Parliamentary committee adopts confirmation hearing report for investigation body chief nominee
-
'Super El Niño' could bring roller-coaster winter weather to Korea
-
Seoul, Tokyo agree to extend $10 bil. currency swap deal by another 3 years
-
N. Korea accuses Japan of 'sinister intention' over nuclear-powered submarines
-
Man sentenced to 45 years in prison for murdering mother-in-law