Korea Development Bank makes fifth attempt to sell life insurance unit
By Park Chang-young and Minu Kim | Pulse News | May 26, 2023
Korea Development Bank (KDB) has put KDB Life Insurance Co. up for sale once again, with several private equity funds submitting letters of intent (LOIs) for the deal, after failing four times in the past without success as life insurance business has become less attractive due to an aging population.Read More »Korea Development Bank makes fifth attempt to sell life insurance unit