News - Korea Life eyes China

May 2011
Asia Insurance Review;May2011, p50
Trade Publication
The article reports that Korea Life Insurance Co. Ltd. is planning to establish a joint venture (JV) with Zhejiang International Business Group Co. Ltd. in China. Both organisations will invest 41.4 million dollars each to form the JV with equal stakes. Zhejiang is one of the high-income provinces in China. It is stated that Korea Life is going global due to South Korea's rapidly aging population, along with the saturation of local insurance market.


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