South Korea insurance unit News

ING Groep NV sold its South Korean insurance unit on its second attempt within a year, raising about 1.84 trillion won ($1.7 billion) from MBK Partners Ltd., the Asian buyout firm formed by ex-Carlyle Group executives. MBK will pay the …

Dutch financial services group ING plans to sell its remaining stake of around 5 percent in South Korea’s KB Financial Group Inc., a deal valued at up to $675 million, IFR reported on Thursday. ING is looking to divest several …