http://www.socialbookmarkssite.com/tag/springhill-group-korea-insurer/
I don't know if this is related to Warren Buffett's March visit to South Korea but General Re, a subsidiary of Berkshire Hathaway, is planning to bid for South Korean insurer Tong Yang Life Insurance.
Tong Yang's majority shareholder private-equity firm Vogo Fund is planning to sell its up to a 60.7-per cent stake in the insurer valued at about 937 billion won ($809 million).
In March, Warren Buffett visited South Korea to help open a new plant for Iscar Metalworking, which Berkshire owns 80%. At the same time, he was on the hunt for what he calls "Elephants", or large well run companies that he could potentially acquire at a good price.
"We're looking at a number of big businesses in Korea, the U.S., the U.K. We hope to find good companies wherever they may be. Basically, the bigger, the better," he said at the time.
