<p>ING Life Korea, backed by private equity firm MBK Partners, plans to raise more than $1 billion in an initial public offering in 2017, IFR reported on Friday, citing a person close to the deal.</p>
<p>The IPO is likely to take place in the second quarter or later in the year, IFR, a Thomson Reuters publication, said. Morgan Stanley (MS.N) and Samsung Securities are advising on the deal, IFR said.</p>