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Hanwha Corp. to sell 200B won of Hanwha Life shares

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Hanwha Corp. to sell 200B won of Hanwha Life shares

Hanwha Corp.plans to sell 200 billion won worth of its shares in Hanwha Life Insurance Co. Ltd. to its unlisted constructionaffiliate, Reuters reported April 6, citing the South Korean company.

Following theshare sale, Hanwha Corp. will own an 18.2% stake in the South Korean insurer.

As of April 6, US$1 was equivalent to 1,159.70 SouthKorean won.