Heungkuk to Exercise Call Option for Hybrid Bonds

SEOUL, Nov. 7 (Korea Bizwire) — South Korean insurer Heungkuk Life Insurance Co. said Monday it plans to exercise a call option for long-term hybrid bonds issued in 2017, reversing its previous decision to delay the buy-back. “We apologize for causing turmoil in the financial market with our previous decision,” Heungkuk Life Insurance said in [...]