Samsung Life Insurance Says No Decision Made on US Investment Report

MT Newswires Live
Sep 03

Samsung Life Insurance (KRX:032830) said that it has made no specific decisions regarding investments in US domestic and overseas opportunities, denying media reports that it is considering acquiring major UK and US insurers along with Samsung Fire & Marine Insurance.

The South Korean insurer said that it continues to review various domestic and overseas investment opportunities to secure new growth engines, but no specific details have been finalized, according to a Thursday filing with the Korean Exchange.

The company will issue further disclosures when specific details are decided or within one month. The company set Oct. 2 as the date for its next disclosure on the matter.

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