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Korea Green Cross signs deal to buy Daishin Life Insurance

Published: 2003-03-31 07:00:00
Updated: 2003-03-31 07:00:00
The Korea Green Cross will be a new owner of the troubled Daishin Life Insurance as Korea Deposit Insurance Corp. (KDIC) passed its sell-off plan to select the KGC in its committee meeting on March 26.

The KGC said, "The company will wholly invest in its paid-in capital after acquisition of Daishin Life Insurance without separate bank borrowings. The current liabilities ratio of the KGC stan...

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