WORLDglobal
Kyobo Life nears banking entry with SBI Savings Bank deal
Single source
Updated 3 hours ago
First seen March 18, 2026 16:35:23Stay on top of this story
Follow the names and topics behind it.
Add this story's key topics to your watchlist so LyscoNews can highlight related developments and future matches.
Create a free account to sync your watchlist, saved stories, and alerts across devices.
Quick Summary
Kyobo Life Insurance has moved closer to completing its acquisition of SBI Savings Bank after securing regulatory approval, strengthening its push to broaden its portfolio and advance into a comprehensive financial group. The company said Wednesday that it had received approval from the Financial Services Commission for a change in the bank’s major shareholder. Kyobo now plans to complete its acquisition of a 50 percent plus one share stake in SBI Savings Bank, which will make it the lender’s la