Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

ING in Talks With MBK Partners on Korea Life Sale, WSJ Says

ING in Talks With MBK Partners on Korea Life Sale, WSJ Says
A logo sits on display outside an ING Groep NV bank branch in Amsterdam. Photographer: Matthew Lloyd/Bloomberg

ING Groep NV is in exclusive talks on selling its Korean life-insurance operations to private-equity fund MBK Partners, the Wall Street Journal said, citing unidentified people familiar with the talks.

MBK offered to buy all of ING Life Insurance Korea for $1.6 billion, the WSJ reported today.

ING, the biggest Dutch financial-services company, agreed less than a month ago to sell its South Korean investment-management business to Macquarie Group Ltd., Australia’s largest investment bank. ING, located in Amsterdam, said then it still planned to sell the rest of its Asian insurance and investment-management units, including ING Life Insurance Korea.

The Dutch company agreed to sell its global insurance and investment-management operations to win European Union approval for bailouts in 2008 and 2009 and has since disposed of more than 25 assets for at least 20 billion euros ($26.6 billion). MBK is based in Seoul and has more than $6.3 billion under management, according to its website.

Raymond Vermeulen, an Amsterdam-based spokesman for ING, declined to comment on the divestment of ING Life Insurance Korea in a text message.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.