This article was published on the ChosunBiz MoneyMove site on Aug. 29, 2025, at 10:54 a.m.
As negotiations for the sale of IGIS Asset Management are underway, Hanwha Life and Heungkuk Life have been selected as qualified candidates (shortlist).
On the 29th, according to the investment banking (IB) industry, the underwriters for the sale of IGIS Asset Management, Morgan Stanley and Goldman Sachs, informed these companies of their shortlist selection the previous day. Reports suggest that Hanwha Life submitted the highest bid.
Previously, on the 13th, parties including Hanwha Life, Heungkuk Life, Daishin Financial Group, and Singapore's CapitaLand were involved in the preliminary bidding. Daishin Financial Group was evaluated favorably as Daishin Securities (9.13%) and Daishin F&I (3.26%) already held equity in IGIS Asset Management.
The sale target includes approximately 66% of the equity of IGIS Asset Management, which consists of shares held by the late founder Kim Dae-young's wife, Son Hwa-ja (12.4%), and financial investor (FI) interests.