SEOUL, June 11 - South Korea's KB Financial Group
Inc has been chosen as the preferred bidder to buy
20 percent of LIG Insurance after submitting an
offer of about 600 billion won ($590 million), a source working
on the deal said.
SEOUL, March 28 - Lotte Shopping, KB
Financial Group and private equity-backed Tong Yang
Life Insurance were among companies that submitted
preliminary bids for a controlling stake in LIG Insurance
, which is seen to be worth around 400 billion won
($373.31 million) or above, the bidders said on Friday.