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December 17, 2004
MetLife to Take Over SK Life
MetLife, a U.S.-based life insurance company, will take over SK Life Insurance, the nation¡¯s fifth-largest insurance firm by assets, for 320-330 billion won by late January, an insurance source said Friday.
``The negotiations are underway and we are stepping up our efforts to wrap up the deal as soon as possible,¡¯¡¯ said Soh Byung-woon, responsible for the process at Hana Bank, SK Group¡¯s main creditor.
Posted by Tom Troceen