Statement from Prudential Financial, Inc.

Published October 14th, 2009 - 11:49 GMT
Prudential Financial, Inc. (NYSE:PRU) announced today that it is currently exploring options with regard to its investment and fund management businesses in Korea. These options include a possible sale of either or both of Prudential Investments & Securities Co., Ltd. and Prudential Asset Management Co., Ltd., which are headquartered in Seoul, South Korea. This does not affect Prudential’s life insurance business in Korea: The Prudential Life Insurance Company of Korea, Ltd. (also known as Prudential of Korea or POK).
Prudential Financial, Inc. (NYSE:PRU), a financial services leader with approximately $580 billion of assets under management as of June 30, 2009, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping approximately 50 million individual and institutional customers grow and protect their wealth. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit http://www.news.prudential.com/.

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