A banking unit of Taiwan 's Yuanta Bank Holding , Yuanta Commercial Bank , is to purchase South ##ta 's Hanshin Savings bank for $ 135.1bn ( $ 112 m ) , making it the first acquisition by a Taiwanese bank in the South Korean market . This also marks the second overseas subsidiary of Yuanta Bank , with Tong Yang Savings bank in the Philippines being acquired earlier this year ; the moves are in line with Yuanta 's investment strategy .
A banking unit of Taiwan's Yuanta Financial Holding, Yuanta Commercial Bank, is to purchase South Korea's Hanshin Savings Bank for KRW 135.1bn ($112m), making it the first acquisition by a Taiwanese bank in the South Korean market. This also marks the second overseas subsidiary of Yuanta Bank, with Tong Yang Savings Bank in the Philippines being acquired earlier this year; the moves are in line with Yuanta's expansion strategy.