Most Popular
-
1
Now is no time to add pressure on businesses: top executives
-
2
CJ CheilJedang to spur overseas growth with new Hungary, US plants
-
3
Blackpink's solo journeys: Complementary paths, not competition
-
4
Seoul to host winter festival from Dec. 13
-
5
Nationwide rail disruptions feared as union plans strike from Dec. 5
-
6
N. Korea, Russia court softer image: From animal diplomacy to tourism
-
7
Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid
-
8
[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts
![[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050099_0.jpg&u=20241121172748)
-
9
Actor Song Joong-ki welcomes second child in Rome
-
10
Main opposition pushes to ease, not postpone, tax on crypto gains
![[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050099_0.jpg&u=20241121172748)
[THE INVESTOR] South Korea’s state-run Korea Development Bank seeks to sell its life insurance unit after two failed attempts in 2014.
The policy banks will dispose an 85 percent stake in KDB Life Insurance, owned by KDB Consus Value Limited Liability Company and KDB Consus Value PEF, companies jointly managed by KDB and Consus Asset Management.
Credit Suisse, the main manager of the deal, will receive a letter of intent until Oct. 13 from potential buyers.
Two years ago, KDB tried to sell the unit two times in April and August but failed to find a suitor due to price gap between buyer and seller sides.
Industry experts estimate that the deal may be worth some 900 billion won (US$814.11 million) given that KDB along with other institutional investors, including National Pension Service and Korean Reinsurance Company, committed some 850 billion won worth of combined investment when they bought Kumho Life Insurance, then, from Kumho Asiana Group in 2010.
By Park Han-na (hnpark@heraldcorp.com)
The policy banks will dispose an 85 percent stake in KDB Life Insurance, owned by KDB Consus Value Limited Liability Company and KDB Consus Value PEF, companies jointly managed by KDB and Consus Asset Management.
Credit Suisse, the main manager of the deal, will receive a letter of intent until Oct. 13 from potential buyers.
Two years ago, KDB tried to sell the unit two times in April and August but failed to find a suitor due to price gap between buyer and seller sides.
Industry experts estimate that the deal may be worth some 900 billion won (US$814.11 million) given that KDB along with other institutional investors, including National Pension Service and Korean Reinsurance Company, committed some 850 billion won worth of combined investment when they bought Kumho Life Insurance, then, from Kumho Asiana Group in 2010.
By Park Han-na (hnpark@heraldcorp.com)
![[Today’s K-pop] Babymonster logs 100m views with ‘Drip’ music video](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/11/22/20241122050051_0.jpg&u=20241122172213)