Macquarie buys Korean fund

Deal to buy ING division expands Macquarie's Asian presence.

Macquarie Investment Management has announced plans to acquire ING Investment Management Korea from ING Group for an undisclosed figure.

The deal comes as ING Group sells off a number of its international holdings, and ING Investment Management Korea, with $44.3 billion in assets under management, is one of the top 10 asset managers in Korea.

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