DB Insurance Places 45 Billion KRW in Related Party Deposit for Pension Fund Management with Negligible Impact on Shareholder Value

DB Insurance entered into a fixed deposit transaction with its affiliate DB Savings Bank worth 45.039 billion KRW for retirement pension asset management.
The one-year deposit carries an annual interest rate of 3.60 percent and is to be reinvested and renewed through Shinhan Bank's pension trust account.
The transaction amount represents approximately 0.45 percent of DB Insurance's market capitalization, resulting in no dilution or change in capital structure and minimal investment risk.
The board of directors approved the agenda with all five outside directors present, ensuring governance transparency.
[AI Summary]This transaction is a routine placement of pension funds with no capital raising or shareholder return implications, and its impact on the market is limited. The affiliate deposit is not expected to cause significant changes in profitability.