ING Group at the altar again in South Korea

The Dutch financial group says it has agreed to sell its Korean life insurer to MBK. ING must be hoping three time's a charm after failing to clinch a deal with at least two other suitors.

ING Group at the altar again in South Korea

ING Group has agreed to sell its South Korean life insurance business to local private equity firm MBK Partners for about Won1.84 trillion $1.6 billion, the Dutch group said on Monday.

We’ve heard that before. ING last year was in exclusive talks to sell the life insurer - called ING Life Korea - to KB Financial Group and, when that deal fell through, it was in similar talks with Vogo Fund earlier this year....

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