Korea Investment Holdings has been selected as the preferred bidder to acquire KDB Life Insurance.
On the 13th, according to the financial industry, Korea Development Bank (KDB) held an investment review committee meeting that day and reportedly selected Korea Investment Holdings as the preferred bidder for the sale of KDB Life.
On the 7th, in the main bid for KDB Life, Hanwha Life Insurance and other bidders submitted final acquisition proposals in addition to Korea Investment Holdings. Samsung Life Insurance had been considered a strong contender but did not participate.
Korea Development Bank (KDB) has attempted to sell KDB Life a total of six times since 2014 but failed, and this is the seventh attempt.
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