MBK Partners-backed ING Life Korea plans $1b IPO this year

MBK Partners-backed ING Life Korea plans $1b IPO this year

A flag showing the logo of ING Group NV flutters in the wind at a branch office in Amsterdam January 9, 2014. REUTERS/Toussaint Kluiters/United Photos

ING Life Korea, backed by private equity firm MBK Partners,plans to raise more than $1 billion in an initial public offering in 2017, IFR reported on Friday, citing a person close to the deal.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter