Prudential Financial, Inc. (NYSE:PRU) announced today that it is
currently exploring options with regard to its investment and fund
management businesses in Korea. These options include a possible sale of
either or both of Prudential Investments & Securities Co., Ltd. and
Prudential Asset Management Co., Ltd., which are headquartered in Seoul,
South Korea. This does not affect Prudential’s life insurance business
in Korea: The Prudential Life Insurance Company of Korea, Ltd. (also
known as Prudential of Korea or POK).
Prudential Financial, Inc. (NYSE:PRU), a financial services leader with
approximately $580 billion of assets under management as of June 30,
2009, has operations in the United States, Asia, Europe, and Latin
America. Leveraging its heritage of life insurance and asset management
expertise, Prudential is focused on helping approximately 50 million
individual and institutional customers grow and protect their wealth.
Prudential's businesses offer a variety of products and services,
including life insurance, annuities, retirement-related services, mutual
funds, investment management, and real estate services. For more
information, please visit http://www.news.prudential.com/.