South Korea-based personal fairness agency JKL Companions Inc. has put its 77% stake in native non-life insurer Lotte Insurance coverage Co., Ltd. on the market for greater than 2 trillion South Korean gained ($1.45 billion), Asia Insurance coverage Assessment reported citing The Korea Instances. JKL bought a 53% stake in Lotte Insurance coverage for KRW373 billion in 2019 and grew its stake within the insurer to 77% by the insurer’s rights providing in October 2019.
