X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Prudential. Credit: Bloomberg.

Debevoise & Plimpton and Korean firm Yulchon are advising American insurance giant Prudential Financial Inc. on a $1.9 billion sale of its South Korean arm to local financial services provider KB Financial Group.

As part of the deal, KB Financial Group will acquire 100% of Prudential Life Insurance of Korea Ltd. in what is expected to be one of Korea’s largest M&A deals in 2020. Established in 1989, Prudential Korea is a leading provider of life insurance products in the country with a net asset value of $2.58 billion. The deal is expected to be completed by the end of 2020, subject to customary closing conditions, Prudential said.

This premium content is reserved for
Law.com International Subscribers.

BENEFITS OF A SUBSCRIPTION INCLUDE:

  • Customized news by region including UK, Asia, Europe, Latin America, Middle East, Africa, and North America
  • Cutting-edge research such as UK Top 100, China 45, and Asia 50
  • Get the inside track on the biggest breaking stories that delve deep into the issues behind the headlines
  • Comprehensive coverage of the dynamic legal market from people moves to the major international jurisdictions
  • Global view into how legal tech, business of law, in-house and regulatory environments are intersecting worldwide

Already a subscriber?

Vincent Chow

Vincent Chow is a reporter for Law.com International and China Law & Practice, based in Hong Kong. He writes about lawyers and legal issues in Hong Kong and China and covers the business of law, global and domestic law firms, in-house legal departments and regulatory issues. He can be reached at [email protected]

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

Savings Institutions: Mergers, Acquisitions and ConversionsBook

Savings Institutions: Mergers, Acquisitions and Conversions brings you thorough and up-to-date on subjects such as thrift mergers and acquisitions; preemption of state la...

Get More Information
 
 

Law.com International Newsletters & Briefings

Sign Up Today and Never Miss Another Story.

Sign up for an unlimited number of complementary newsletters, alerts, and International Briefings. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 American Lawyer Media International, LLC. All Rights Reserved.