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Kyobo Life shareholder feud intensifies on unfulfilled IPO
Kyobo Life shareholder feud intensifies on unfulfilled IPO
MoneyJan 21, 2021
A foreign investor group of South Korea-based Kyobo Life Insurance is in hot water as its plan to exit from the insurer faces a setback after an indictment of its officials, while its demand for an initial public offering by Kyobo Life since 2012 remains unfulfilled to this day. Key officials of the international investor group, led by Hong Kong-based private equity firm Affinity Equity Partners, and Seoul-based accounting firm Deloitte Anjin have been indicted by Korean prosecutors for alleged