Insurance

Japan's SBI to raise stake in South Korea's third-largest life insurance provider

Financial services group aims to leverage Kyobo Life Insurance's digital know-how

20250416 SBI

SBI Holdings will make South Korea's insurance firm Kyobo Life Insurance into an affiliated company. (Photo by Yoshiyuki Tamai)

Nikkei staff writers
April 16, 2025 20:50 JST
Updated on April 17, 2025 00:07 JST

TOKYO -- Japanese financial services group SBI Holdings will increase its stake in Kyobo Life Insurance, South Korea's third-biggest life insurance company, to over 20% from the current 9.3%, Nikkei has learned.

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