Prudential

Mergers & Acquisitions Eastspring Asset in Korea up for grabs at about $77 mn

Eastspring Asset Management Korea Co., the Korean operation of Prudential plc’s asset management unit, is up for sale for about 100 billion wo...

Central bank BOK warns of household lending risk on growth, inequality

South Korea’s central bank warned that household lending in the country has leaped to the world’s third highest and could hurt long-term...

Mergers & Acquisitions KB Life, Prudential Life to complete merger by Jan 2023

The merger of KB Life Insurance Co., an insurer under KB Financial Group Inc. of South Korea, and Prudential Life Insurance Co. of Korea will be c...

Pension funds POBA taps former DB Insurance investment head as new CIO

Public Officials Benefit Association (POBA) of South Korea has named Huh Jang, former head of investment at DB Insurance Co. as its new chief inve...

Prudential Financial Inc.’s 2.3 trillion won ($1.9 billion) sale of its South Korean unit dominated the country’s M&A advisory market ...

Private equity Prudential to sell Korean unit to KB Financial for $1.9 bn

Prudential Financial Inc. has decided to sell its South Korean insurance arm to KB Financial Group for about 2.3 trillion won ($1.9 billion) and will ...

M&A Prudential Life draws Taiwan’s Fubon Fin, four Korean prelim bidders

Taiwan’s Fubon Financial Holdings, KB Financial Group and three Seoul-based private equity firms have submitted letters of intent to acquire 100...

Prudential Financial Prudential seeks to sell Korean insurance arm in estimated $2 bn deal

Prudential Financial Inc. has put its South Korean life insurance arm on the market, as the US insurance giant is seeking to shed part of overseas ass...

GEPS names ex-head of Prudential’s former Korean unit as CIO

The Government Employees Pension Service (GEPS) of South Korea on April 24 appointed Chang-hoon Lee, a former head of US Prudential Financial’s previo...

US Prudential unit to buy Seoul office building for $157 mn amid vacancy concerns

PGIM Inc. a unit of U.S. Prudential Financial Inc., will acquire an office building in central Seoul for 184 billion won ($157 million) from a South K...