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Business Management

Prudential to Sell South Korean Insurance Business

Prudential Financial announced it has reached an agreement to sell Prudential Life Insurance Company of Korea to Korean financial services provider KB Financial Group for approximately 2.3 trillion Korean won ($1.9 billion).

Prudential Life Insurance was the eleventh-largest insurer in the South Korean market with $17.1 billion in assets last year. The deal is expected to help KB Financial overtake its rival Shinhan Financial Group and become the ninth-largest player in the market.

“Creation of synergy effects will depend entirely on their management strategy,” NH Investment & Securities analyst Boram Cho said.

Prudential hired Goldman Sachs to explore a possible

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Business Unit

Academics and industry unite to imp… – Information Centre – Research & Innovation

An EU-funded project has linked scientists with experts in industry to forge partnerships aimed at creating new products to improve the lives of people with dementia. The research is creating tools to help remind people with dementia to undertake the tasks critical to their daily lives.

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Business Value

U.S. Consumer Prices Tumble 0.4% in March

U.S. consumer prices fell by the most in more than five years in March as the coronavirus pandemic pummeled demand, fueling concerns that the economy is heading toward deflation.

The Labor Department reported Friday that the consumer price index dropped 0.4% last month amid a sharp decline in the cost of gasoline and record decreases in hotel accommodation, apparel and airline ticket prices.

The decline in the CPI was the largest since January 2015 and was slightly below economists’ estimates of a 0.3% slide. Prices had gone up 0.1% in February before the coronavirus crisis escalated.

In the 12 months

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Business Consultant

A repairable brain: cell reprogramm… – Information Centre – Research & Innovation

EU-funded researchers have developed innovative genetic reprogramming techniques to replace and repair brain cells, opening up novel therapeutic pathways to combat debilitating disorders such as Parkinson’s and Huntington’s disease.

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Business Express

Novel silicon lasers promise semico… – Information Centre – Research & Innovation

An EU-funded project is enabling efficient intra-chip and chip-to-chip communication via a new type of silicon capable of emitting light. It is demonstrating a technological breakthrough that could revolutionise the electronics industry and make devices faster and much more energy efficient.