- Location
Korean insurance
"-
Nonlife Insurance Business Will Be Divested by South Korean Lig Group
Nov 25, 2013Seoul-based LIG Group is planning to divest all shares of its nonlife insurance division, as part of its strategy to gather the required funds to compensate investors for losses from a financial fraud scandal in 2011. Unveiling its ...
Tags: LIG Group, Nonlife Insurance
-
ING Inked an Agreement with Seoul-Based Private Equity Firm MBK Partners
Aug 27, 2013Netherlands-based financial conglomerate ING has inked an agreement with Seoul-based private equity firm MBK Partners, to divest its South Korean insurance business, in a transaction valued at nearly KRW1.84trn (€1.24bn). Following ...
Tags: Insurance, MBK Partners
-
KB Financial Group Reached The Final Stages of Discussions with Dutch Insurer ING
Sep 11, 2012KB Financial Group, one of the four largest wealth managers by assets, has reached the final stages of discussions with Dutch insurer ING to acquire its Korean insurance unit in a deal estimated to be worth $2.2bn. The Dutch underwriter ...