Standard Chartered Takes Stake in Kyobo Life Insurance

Standard Chartered Private Equity (SCPE) has made a long term investment in Kyobo Life Insurance (Kyobo), a leading South Korean life insurer. The purchase was made through Finventures KBL LLC, an investment company wholly controlled by SCPE, which will acquire an aggregate 5.3% stake in Kyobo from existing shareholders who are members of the company’s founding family.

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