Paul Hastings LLP announced today that the firm represented the underwriters in ING Life Insurance Korea Ltd’s (“ING Life Korea”) US$977 million Korea Exchange listing. ING Life Korea, controlled by Asia-based private equity firm MBK Partners, is South Korea’s fifth-largest insurer based on assets.

This marks the second largest IPO so far in 2017 in Korea and the first time a private equity firm has used an initial public offering to begin its exit process in Korea.

The Paul Hastings team was led by capital markets partner Dong Chul Kim, with support from associate Albert Nah.