Yulchon Advises Prudential in $1.9 Billion Sale of Prudential Life Insurance of Korea to KB Financial Group
2020.04.14.
Yulchon LLC is advising Prudential Financial, Inc. in its sale of The Prudential Life Insurance of Korea, Ltd. to Korea’s KB Financial Group for 2.3 trillion Korean Won, or $1.9 billion. For more information, please see Prudential’s press release here.
Prudential Financial, Inc., a financial wellness leader and premier active global investment manager with more than $1.5 trillion in assets under management as of December 31, 2019, has operations in the United States, Asia, Europe, and Latin America. Prudential of Korea is a leading provider of life insurance and other protection products through its signature Life Planner business and growing general agency channel. KB Financial Group is Korea’s leading financial services provider offering a broad range of financial products and services.
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