Prudential Weighs Sale of Korean Businesses

October 6, 2009

Prudential Financial Inc. said it is considering selling its investment and fund management businesses in Korea.

Prudential, the second-largest U.S. life insurer, said it was exploring options, including a sale, for Prudential Investments & Securities and Prudential Asset Management, both of which are headquartered in Seoul, South Korea.

The company said it plans to hold on to its life insurance business in Korea, Prudential Life Insurance Company of Korea.

(Reporting by Michael Erman; Editing by Jan Paschal)

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