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Korea Life Insurance Submitted Bid to Buy ING's Southeast Asian Operations -Source

By Kanga Kong SEOUL--Korea Life Insurance Co. (088350.SE), Korea's second-largest life insurer by assets and premiums, has submitted a bid to buy ING Groep N.V.'s (ING) Southeast Asian life insurance business, a person familiar with the deal said Monday. The Korean life insurer "has bid for the Southeast Asian operations, which comprise Hong Kong, Malaysia and Thailand, as it aims for overseas expansion," the person told Dow Jones Newswires. Analysts estimate the deal is valued around 3 trillion won ($2.61 billion) to KRW4 trillion, the person added. Korea Life's only overseas presence is in Vietnam, where it set up a corporation in 2009. Write to Kanga Kong at kanga.kong@dowjones.com

Stock News for Ing (ING)
DateTimeHeadline
06/13/201411:07:37Poland's May CPI Falls Unexpectedly
06/05/201415:01:13ING Moves Ahead With NN Unit IPO -- Update
06/05/201402:42:07ING Moves Ahead With NN Unit IPO
05/16/201404:20:08ING Groep Completes EUR1.125 Billion Note Issue
05/07/201417:32:03ADR Shares End Mixed; Delhaize, ING Shares Active
05/07/201409:07:17ING Hit By Restructuring Costs -- Update
05/07/201403:24:59ING Hit By Restructuring Costs
05/06/201417:18:57ING Groep 1Q Results -- Forecast
04/29/201404:03:13Dutch Central Bank Sets Out Capital Buffers
04/22/201402:58:35ING Bank Names Roel Louwhoff as Chief Operating Officer
04/02/201412:49:22European Stocks Notch Seventh Straight Day of Gains--Update
04/01/201403:41:57Singapore OCBC Makes Near US$5 Billion Offer For Wing Hang Bank...
03/31/201417:16:48ADR Shares End Higher; ING, Novartis Shares Active
03/31/201412:29:09EUROPE MARKETS: European Stocks End Mixed On Inflation Jitters
03/31/201410:29:55EUROPE MARKETS: European Stocks Push Higher After Weak Inflation
03/31/201407:13:19ING Aims to Resume Dividends Next Year -- Update
03/31/201406:22:12EUROPE MARKETS: European Stocks Pare Gains After Weak Inflation...
03/31/201404:55:55EUROPE MARKETS: European Stocks Firm Ahead Of Inflation Data
03/31/201404:40:08ING Aims to Resume Dividends Next Year
03/18/201410:55:58ING U.S. Unveils Stock Buyback

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