Chinese firms line up for Korean insurer ING Life
Jul 20, 2016
[THE INVESTOR] The sale of South Korean insurance firm ING Life Korea, which may be worth up to 3 trillion won ($2.62 million), has drawn attention from Chinese buyers, sources said on June 20. Hong Kong-based private equity firm JD Capital, leading investment group Fosun and Taiping Life are in negotiations or conducting due diligence on the Korea’s fifth-largest insurance company by assets. Asian buyout firm MBK Partners plans to sell its stake in ING Life Korea by the end of this year by comm