[Korea gimmingyeong financial newspaper reporter] that the Korea Exchange Stock Market Division approved the listing on the KOSPI ING Life said 10 days. MBK Partners, which owns 100% of ING Life Insurance shares is expected to commence submit a complaint to the Financial Services Commission and Securities IPO process in earnest.
ING Life Korea was established as a subsidiary of the Dutch life insurance in 1991. Since December 2013 MBK Partners has acquired the management rights. Proceeds from the sale of operations in May last year but did not succeed Saad, such as domestic and foreign negatives overlapping, and turn to the IPO (IPO).
Operating income in 2015 of ING Life Insurance is 4.678 trillion won, 304.8 billion won net profit. And the net operating revenue in the third quarter of last year, cumulative net profit was a record 3 trillion 178.6 billion won, 180.8 billion won, respectively.
ING Life Insurance is planning to sales, only half of the nine weeks 100% without issuing new shares upon listing. Accordingly, MBK Partners after the IPO may remain as the largest shareholder of ING Life Insurance.
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