NU Online News Service, June 2, 2004, 5:02 p.m. EDT – ING Groep N.V., Amsterdam, has agreed to buy a 49% stake in KB Life.[@@]
The price of the deal was not available.
Kookmin Bank, Seoul, is forming KB Life to manage the assets of Hanil Life Insurance Company. Kookmin acquired the assets of the insolvent life insurer in April from Korean insurance regulators.