Three bidders submit final offers for KDB Life

Korea Investment Holdings, Hanwha Life Insurance and Heungkuk Life Insurance submitted final bids for KDB Life Insurance on Friday, giving fresh momentum to Korea Development Bank's seventh attempt to sell the insurer. The three companies submitted their final offers by the 3 p.m. deadline, according to financial industry sources. Samsung Life Insurance, previously considered one of the strongest potential buyers, did not participate in the final bidding. Kyobo Life Insurance, which had joined t