Samsung Life to unload 1.32 tln won worth of shares in Samsung Electronics | Yonhap News Agency

## Summary
OK SEOUL, March 19 (Yonhap) -- Samsung Life Insurance Co. said Thursday it will sell around 1.32 trillion won (US$881.6 million) worth of its shares in Samsung Electronics Co. In a regulatory filing, Samsung Life said it decided to offload about 6.24 million shares, equivalent to roughly 0.11 percent of the outstanding shares of Samsung Electronics. Samsung Fire & Marine Insurance Co. also said it will sell about 1.09 million shares, or 0.02 percent of the total Samsung Electronics stocks, worth 227.5 billion won. Korea's national sports festival prev Samsung Life to unload 1.32 tln won worth of shares in Samsung Electronics Next Samsung Life to unload 1.32 tln won worth of shares in Samsung Electronics

## Article Content
Facebook
X
More
Pinterest
Linked in
Tumblr
Reddit
Facebook Messenger
Copy URL
URL is copied.
OK
SEOUL, March 19 (Yonhap) -- Samsung Life Insurance Co. said Thursday it will sell around 1.32 trillion won (US$881.6 million) worth of its shares in Samsung Electronics Co.
In a regulatory filing, Samsung Life said it decided to offload about 6.24 million shares, equivalent to roughly 0.11 percent of the outstanding shares of Samsung Electronics.
Samsung Fire & Marine Insurance Co. also said it will sell about 1.09 million shares, or 0.02 percent of the total Samsung Electronics stocks, worth 227.5 billion won.
The companies said the decision is part of efforts to proactively address potential violations of local regulations governing financial companies by reducing excess shareholdings.
Under the current law, financial affiliates are restricted from holding more than a 10 percent-stake in non-financial affiliates.
This undated file photo shows the Samsung logo at the headquarters of Samsung Electronics Co. in Seoul. (Yonhap)
(END)
Keywords
#Samsung Life
#Samsung Fire
Articles with issue keywords
Most Liked
Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms
(LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East
16th Gwangju Biennale: You must change your life
Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war
Police vow zero tolerance for terror threats against BTS comeback concert
Most Saved
Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms
(LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East
16th Gwangju Biennale: You must change your life
(2nd LD) N. Korea fires ballistic missiles as S. Korea, U.S. conduct joint drills
Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war
Most Viewed
All Categories
N. Korea committed to expanding nuclear, missile programs; poses 'significant' threats to S. Korea, Japan: U.S. report
Trump raises idea of shifting responsibility for Hormuz Strait to countries using it
Taiwan changes 'Korea' to 'S. Korea' in immigration system in protest over Seoul's labeling of it as China
(2nd LD) Korean won plunges to new 17-yr low against U.S. dollar as Iran crisis persists
Central Seoul ward refurbishes streets, digital signs ahead of BTS concert
Most Viewed More
Most Viewed Photos
N. Korea's national sports festival
Montreal mayor gives interview
N.K. stamps on ruling party's 9th congress
N. Korea's national sports festival
prev
Samsung Life to unload 1.32 tln won worth of shares in Samsung Electronics
Next
Samsung Life to unload 1.32 tln won worth of shares in Samsung Electronics

---

## Expert Analysis

### Merits
- Korea committed to expanding nuclear, missile programs; poses 'significant' threats to S.

### Areas for Consideration
- This undated file photo shows the Samsung logo at the headquarters of Samsung Electronics Co. in Seoul. (Yonhap) (END) Keywords #Samsung Life #Samsung Fire Articles with issue keywords Most Liked Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East 16th Gwangju Biennale: You must change your life Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war Police vow zero tolerance for terror threats against BTS comeback concert Most Saved Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East 16th Gwangju Biennale: You must change your life (2nd LD) N.

### Implications
- OK SEOUL, March 19 (Yonhap) -- Samsung Life Insurance Co. said Thursday it will sell around 1.32 trillion won (US$881.6 million) worth of its shares in Samsung Electronics Co.
- Samsung Fire & Marine Insurance Co. also said it will sell about 1.09 million shares, or 0.02 percent of the total Samsung Electronics stocks, worth 227.5 billion won.
- This undated file photo shows the Samsung logo at the headquarters of Samsung Electronics Co. in Seoul. (Yonhap) (END) Keywords #Samsung Life #Samsung Fire Articles with issue keywords Most Liked Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East 16th Gwangju Biennale: You must change your life Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war Police vow zero tolerance for terror threats against BTS comeback concert Most Saved Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East 16th Gwangju Biennale: You must change your life (2nd LD) N.

### Expert Commentary
This article covers samsung, korea, life topics. Notable strengths include discussion of samsung. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 438.