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Kyobo Life plans to buy stake in ING’s South Korean insurance unit

However, no financial details about the bid have been provided.

May 24, 2013 4:39 IST | India Infoline News Service
South Korea’s Kyobo Life Insurance said that it has made a bid to acquire stake in ING Groep NV's South Korean insurance unit, according to a media report.

However, no financial details about the bid have been provided.

In November 2012, ING Groep NV signed an agreement with European regulators to sell more than 50% of its Asian operations by the end of 2013, the report added.

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