MK Business News Logo
Thursday, August 21, 2014 search icon
검색 search
Top Stories
Finance
Market
Economy
Companies
General
Opinion Editorial
Archive
Photo
Subscribe to MK English Newsletter
World Knowledge Forum

Home > mk Business News 프린트 이메일 전송 리스트
ING Group to sell S. Korean asset management unit
2012.11.30 16:48:30 | 2012.11.30 17:22:26
보내기
Netherlands-based ING Group plans to add its South Korean asset management business to the plan to offload its Asian operations to repay the state debt.

[ING Group to sell S. Korean asset management unit] 기사의 본문 이미지


The company is looking to complete the selloff in the first quarter of next year, following the sale of ING Life, according to industry sources Friday.

The decision comes after ING Group failed to find a single buyer for its entire Asian operations. The group is now selling its operations regionally. Potential buyers will reportedly be contacted within this year.

ING Group is closer to a deal to dispose its Korean life insurance unit, which will affect the plan for its asset management unit, said sources.

ING Group’s Korean asset management business is the largest one among its Asian fund management units. It manages about 24 trillion won ($22 billion) in total, of which 17 to 19 trillion won came from ING Life.

[Written by Woo-ram Hahn / edited by Soyoung Chung]



[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]

경제용어사전 프린트 이메일 전송 리스트

PDF list
Thurs, Aug 21, 2014
Latest News
Regulator revises car insurance premi..
Google reshapes world in decade
Criminal complaint to be filed agains..
GS E&C wins $767mn water treatment or..
Hyundai Wia approves merger of Hyunda..
WKF 2014 to invite ‘young stars’
“Manufacturing renaissance necessary..
Samsung starts rolling out its own sm..
Hyundai Motor agrees to elevate irreg..
IBK to invest $98mn in SMEs with outs..
Press Releases&Speeches
[Press Release] ROK and Japan to Hold..
[Press Release] International Investm..
Today Vocab&Phases
[08/21 Thurs] Aggressive accounting
banality, connotation
Announcement

Terms of Use | Advertise With Us | Privacy Policy | Copyright Policy | Contact Us | Unauthorized collection of e-mail addresses disapproved
Copyrightⓒ 2009 Maeil Business Newspaper & MK Inc. All rights reserved.