Korea's KDB to be fined if life business unsold by March

Korea’s KDB to be fined if life business unsold by March

February 24 2020 by Yvonne Lau

Korea Development Bank (KDB) will have to pay a fine if they are unable to sell KDB Life by March this year, says a Korea Times report.

The bank's March 2010 acquisition of its life business was cond...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

Take a Free Trial

Already a Subscriber? Please Login

MORE FROM: Private Equity

TA Associates explores Honan exit at US$300-400m valuation: report
- June 15
The private equity firm took an undisclosed stake in the acquisitive Australian P&C broker in 2020.
Fusion backer receives investment from Direct Capital
- April 18
Pop Holdings will use the investment to expand its international footprint, attract talent, and introduce products througn M&A.
IRDAI’s liberalisation agenda raises risk of insurer failures
- December 2
Wide-ranging reforms will ease the path to markets, but excess capacity could also lead to greater competition.
Private equity hunger for Asia insurers to grow
- February 18
Global PE firm Carlyle has targeted South Korea's reinsurance space.

Partner Content

Join the mailing list Designed to help you stay ahead, our daily newsletter provides a round-up of the latest news and insights, delivered straight to your inbox.

Print Edition

Subscribe to receive our quarterly print magazine.

Articles by country

Articles by country

Korea’s KDB to be fined if life business unsold by March

TA Associates explores Honan exit at US$300-400m valuation: report

Fusion backer receives investment from Direct Capital

IRDAI’s liberalisation agenda raises risk of insurer failures

Private equity hunger for Asia insurers to grow