Korea’s Financial Market Shows Mixed Reactions to Influx of Chinese Capital

SEOUL, June 11 (Korea Bizwire) – With financial regulators’ nod to the Chinese Anbang Insurance Group’ acquisition of Tongyang Life Insurance, Korean financial firms now have to compete with a Chinese player on their home turf. On June 10, the Financial Services Commission (FSC) announced that it had granted approval to Anbang Insurance for the acquisition [...]