LIG Insurance Co., Ltd. (KOSE:A002550) is looking for a possible takeover. The Goldman Sachs Group, Inc. (NYSE:GS) has sort listed four strategic investors, Tong Yang Life Insurance Co., Ltd. (KOSE:A082640), KB Financial Group, Inc. (KOSE:A105560), Lotte Group, Fosun Group Finance Corporation Limited, and MBK Partners. H&Q Asia Pacific, Ltd., Jabez Partners, and LB Investment Inc., which had submitted preliminary bids, were left out of the shortlist.

According to the news report, investment banks see Tong Yang Life Insurance, KB Financial Group and MBK Partners as the most likely suitors. The official bid for the non-life insurer is slated for late May 2014.