Insurance
First Korean life insurance firm opens Vietnam http://www.vneconomy.com.vn/eng/index.php?param=article&catid=0403&id=554f0c7f5bbec5
VNECONOMY updated: 24/03/2006
Korean Life Insurance Co Ltd opened its representative office in Hanoi on March 23, marking the first Korean face in Vietnam's burgeoning insurance industry.
"Through the opening of our representative office n Hanoi, and with our understanding and experience, we hope to contribute to developing the insurance and finance sector in Vietnam," Yun-Hoi Kim, chief representative of the Hanoi Office said.
The company plans to conduct a comprehensive marketing strategy and provide Vietnamese customers with insurance services of outstanding quality in the increasingly competitive market.
The company is a member of the Hanwha Group, established 60 years ago. The group has total assets of US$37bil, registered capital of $3.5bil, and net profits of $573mil in 2004. It also has 79 branches, 937 offices, 27,000 agents and 10mil customers.
Source: Hà N?i M?i
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