Dongbu Insurance Co., Ltd. (KOSE:A005830) agreed to acquire a 37.3% stake in Post & Telecommunication Insurance Joint Stock Company (HASTC:PTI) for KRW 50 billion on January 28, 2015. A contract will be signed in the near future and the deal is expected to close within the first half of 2015. KPMG acted as financial advisor and provided due diligence to Dongbu Insurance in the transaction.

Dongbu Insurance Co., Ltd. (KOSE:A005830) completed the acquisition of a 37.3% stake in Post & Telecommunication Insurance Joint Stock Company (HASTC:PTI) on May 14, 2015.