Samsung Life to divest 1.3 trln won worth of Samsung Electronics' shares

Samsung Life Insurance

19/03/2026 08:33

SEOUL, March 19 (Reuters) - Samsung Life 032830.KS said in a corporate filing on Thursday that the company will divest 1.3 trillion won ($867.07 million)worth of its stake in Samsung Electronics 005930.KS.

The decision is part of efforts to resolve risks from a local regulation on the governance of finance companies, it said.

($1 = 1,499.3000 won)

 (Reporting by Heejin Kim
Editing by Ed Davies)

 ((Heejin.Kim@thomsonreuters.com;))