Insurance
Company Overview of ING Life Insurance Korea, Ltd.
Company Overview
ING Life Insurance Korea, Ltd. operates as a life insurance company. The company also provides financial planning and consultation services. In addition, it offers its products and services online. ING Life Insurance Company (Korea) Limited was formerly known as Netherlands Life Insurance and changed its name to ING Life Insurance Company (Korea) Limited in 1999. The company was founded in 1989 and is based in Seoul, South Korea. ING Life Insurance Korea, Ltd. operates as a subsidiary of ING Insurance International II B.V.
ING Center
Sunhwa-dong 53
Junggu
Seoul, 100-130
South Korea
Founded in 1989
Key Executives for ING Life Insurance Korea, Ltd.
ING Life Insurance Korea, Ltd. Key Developments
Tong Yang Life Insurance Co., Ltd. (KOSE:A082640) is the front-runner in the bid for the acquisition of ING Life Insurance Korea, Ltd. from ING Groep NV (ENXTAM:INGA), reported Wall Street Journal citing a person familiar with the matter. The person added that Tong Yang Life Insurance, owned by Vogo Fund, has bid to buy the entire 100% stake in ING Life Insurance Korea. For now, Vogo Fund isn't ruling out running two life insurers separately, another person with direct knowledge of the matter said. The first person also said that it isn't clear yet when ING could close the deal.
Kyobo Life Insurance Co., Ltd has made a takeover bid for ING Life Insurance Korea, Ltd. from ING Groep NV (ENXTAM:INGA), a spokesman for Kyobo was cited as saying by local media. MBK Partners is also reported to have submitted an offer. It is still not confirmed whether Hanwha Life Insurance Co., Ltd. (KOSE:A088350) also mentioned as interested party, is among the bidders.
CVC Capital Partners Limited and MBK Partners are reportedly doing due diligence to acquire 51% stake in ING Life Insurance Korea, Ltd. from ING Groep NV (ENXTAM:INGA). Kyobo Life Insurance Co., Ltd.; Hanwha Life Insurance Co., Ltd. (KOSE:A088350); and Tong Yang Life Insurance Co., Ltd. (KOSE:A082640) are reportedly other bidders.
Similar Private Companies By Industry
| Company Name | Region |
| Marsh Korea, Inc. | Asia |
| Lina Korea | Asia |
| Allianz France Life Insurance Co. | Asia |
| Federal Insurance Company Korea | Asia |
| KB Life Insurance Co., Ltd. | Asia |
Recent Private Companies Transactions
| Type Date |
Target | |
| No transactions available in the past 12 months. | ||
Most Searched Private Companies
| Company Name | Geographic Region |
| NYC2012, Inc. | United States |
| Bertelsmann AG | Europe |
| Lawyers Committee for Civil Rights Under Law | United States |
| Rush University | United States |
| Greater Houston Partnership | United States |
Post a JobJobs
- Boston, MA | Liberty Mutual InsurancePosted: Jun 17
- Austin, TX | Kershaw Insurance Agency - Farmers InsPosted: Jun 14
- Louisville, KY | City of Louisville, KentuckyPosted: Jun 18
- Fort Worth, TX | Cornerstone StaffingPosted: Jun 18
Sponsored Financial Commentaries
Sponsored Links
To contact ING Life Insurance Korea, Ltd., please visit www.inglife.co.kr. Company data is provided by Capital IQ. Please use this form to report any data issues.
Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.
