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Woori Financial closes acquisition of asset manager

Woori Financial Group Inc. closed the acquisition of ABL Global Asset Management Co. Ltd. and changed its name to Woori Global Asset Management Co. Ltd.

Following the acquisition, Woori Financial now has 10 direct subsidiaries, according to a 6-K filed Dec. 6.

The announcement came after Woori Financial in August said it completed the acquisition of Tong Yang Asset Management Corp. and changed its name to Woori Asset Management Corp.