News Life and Health13 May 2019

Korea:First online life insurer prepares to go public amid return to profitability


Korea Development Bank's (KDB) insurance unit, KDB Life Insurance, is preparing to go public this year according to a recent report from The Korea Times. After failing to sell its insurance outfit, the state-run bank seeks to reclaim its investment of around KRW1tn ($0.85bn) in the insurer via the listing. The investment was injected over the years to keep the insurer afloat after it ran into losses.

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