trending Market Intelligence /marketintelligence/en/news-insights/trending/90aekPGSbt3hdt7aKZ0Uxg2 content esgSubNav
In This List

Report: Korea Development Bank receives sole bid for KDB Life stake

Blog

Commercial Banking: June 22nd Edition

Blog

Commercial Banking Newsletter June Edition - 2022

Podcast

Street Talk | Episode 96: Considering recession risks, prospects that the Fed achieves a 'soft landing'

Case Study

Actions to Reduce Emissions at an Asian Financial Services Firm


Report: Korea Development Bank receives sole bid for KDB Life stake

Only one bidder backed by Chinese capital submitted a final bid for Korea Development Bank's 85% stake in South Korea's KDB Life Insurance Co. Ltd., Yonhap News Agency reported Dec. 22, citing sources in the investment banking industry.

It is Korea Development Bank's third attempt to sell its stake in the life insurer. The policy lender will decide whether it will proceed with a deal by the end of 2016.

The bank is seeking to raise 900 billion won from the sale, according to the report.

As of Dec. 22, US$1 was equivalent 1,205.41 South Korean won.