ING said that the deal resulted in approximately EUR1bn after-tax loss of which EUR950m was recorded in its third quarter 2013 results on 6 November 2013.

Following the completion of transaction, ING (through ING Insurance) will hold an indirect stake of approximately 10% in ING Life Korea which values approximately EUR 80m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

MBK Partners is a private equity group in South Korea with over USD 8 billion in capital under management.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.