{
  "id": 14126208,
  "title": "Shinhan Financial acquires Lotte Insurance for $518 mil.",
  "url": "https://urgent.news/2026/10/13/shinhan-financial-acquires-lotte-insurance-for-518-mil",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T05:32:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/business/companies/20261013/shinhan-financial-acquires-lotte-insurance-for-518-mil"
  },
  "original_language": "en",
  "account": null,
  "summary": "Shinhan Financial Group Inc., a major banking group, has decided to take over a midsize non-life insurer for 693 billion won ($518 million) to diversify its business portfolio, industry sources said Tuesday. Shinhan Financial's board of directors approved the acquisition of a 77.04 percent stake in Lotte Insurance, from private equity firm JKL Partners, and then the banking group plans to buy the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Shinhan Financial acquires Lotte Insurance Co. for 693 bln won",
        "url": "https://urgent.news/2026/10/13/shinhan-financial-acquires-lotte-insurance-co-for-693-bln-won",
        "published": "2026-10-13T05:17:41.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Shinhan Financial acquires Lotte Insurance for $518 mil.",
        "url": "https://urgent.news/2026/10/13/shinhan-financial-acquires-lotte-insurance-for-518-mil-14129878",
        "published": "2026-10-13T05:52:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}