Skip to main content

Yulchon and Debevoise & Plimpton have advised U.S. insurer Prudential Financial on the 2.3-trillion-won ($1.89 billion) sale of its Korean unit to Korea’s KB Financial Group, which was represented by Kim & Chang. 

This deal marks Prudential Financial’s exit from the South Korean market after 30 years.

According to Reuters, KB Financial Group said the purpose of the acquisition was to enhance the competitiveness of its own life insurance business.

The Yulchon team was led by partners Nina H. Kim, Hyeon Hwa Shin, Hyung Ki Lee, Jeremy Everett, Sang Woo Song, Jae Woo Park and Christopher Mandel.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Deals

N&A, S&C, TMI advise as Japan's Nidec makes $1.6 bln bid for Makino Milling

by Asian Legal Business《亚洲法律杂志》 |

TMI Associates, Freshfields and Davis Polk & Wardwell have represented Japanese manufacturing giant Nidec on its 257-billion-yen ($1.6 billion) bid for Makino Milling Machine, which turned to Nishimura & Asahi and Sullivan & Cromwell for advice.

Deals

N&A, MHM, Skadden, STB guide JX Advanced Metal’s $3 bln Japan IPO

by Nimitt Dixit |

Nishimura & Asahi and Skadden Arps Slate Meagher & Flom are advising JX Advanced Metals on its upcoming 460-billion-yen ($3 billion) initial public offering, the largest listing in Japan since SoftBank Corp’s $23.5 billion IPO in 2018.

Deals

Trilegal, Touchstone, CAM act on Carlyle’s $400 mln entry into India auto-components space

by Nimitt Dixit |

Trilegal has advised global private equity firm Carlyle on its acquisition of majority stakes in Highway Industries (HIL) and Roop Automotives for $400 million, marking its entry into India's auto components sector through a new manufacturing platform.