Prudential Financial Inc

on Sunday said it is considering selling its investment and fund management businesses in Korea.

Prudential, the second-largest U.S. life insurer, said it was exploring options, including a sale, for Prudential Investments & Securities and Prudential Asset Management, both of which are headquartered in Seoul, South Korea.

The company said it plans to hold on to its life insurance business in Korea, Prudential Life Insurance Company of Korea.

Shares of Prudential closed at $46.74 on the New York Stock Exchange on Friday.

(Reporting by Michael Erman)

South Korea Sale