Lee & Ko advised Anbang Insurance Group in connection with the sale of Tong Yang Asset Management Corp. and ABL Global Asset Management Co., Ltd., leading to a successful signing of share purchase agreements with Woori Financial Group Inc. for the sale of these companies on April 5, 2019. This sale of Tong Yang Asset Management Corp. and ABL Global Asset Management Co., Ltd. by Anbang Insurance Group is regarded as having progressed efficiently within a short timeframe due to Lee & Ko’s effective legal advice at all stages of the transaction. The transaction is anticipated to close upon receiving approval from the Financial Services Commission.
[MK] Woori Financial Group adds asset managers Tonayang, ABL Global to its family