ING Life Korea Lists for US$977 Million
May 11, 2017
Seoul – Paul Hastings LLP, a leading global law firm, announced today that the firm represented the underwriters in ING Life Insurance Korea Ltd’s (“ING Life Korea”) US$977 million Korea Exchange listing. ING Life Korea, controlled by Asia-based private equity firm MBK Partners, is South Korea’s fifth-largest insurer based on assets.
This marks the second largest IPO so far in 2017 in Korea and the first time a private equity firm has used an initial public offering to begin its exit process in Korea.
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