Hana Life Insurance Co., Ltd announced a private placement of 7,695,000 common shares at KRW 13,000 per share for gross proceeds of KRW 100,035,000,000 on November 26, 2021. The transaction will include participation from existing investor Hana Financial Group Inc. to retain its 100% stake in the company. The transaction is by way of shareholder allocation capital increase. The payment date for the shares is expected on December 13, 2021. The transaction has been approved by board of directors of the company.