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AIA Korea officially inaugurates as Korean corporation
By Kim Da-solPublished : Jan. 2, 2018 - 15:01
AIA Korea, local subsidiary of Asia’s largest life insurance AIA Group, officially inaugurated as a Korean corporation, the company said Tuesday.
“Establishment as a Korean corporation is an important milestone for the company, which will help us develop a century-old know-how and boost sales of localized insurance products,” said AIA Korea CEO Cha Tae-jin.
The company said it received an official approval from the Financial Supervisory Service to inaugurate as a Korean corporation late last year.
AIA Korea posted a net profit of 177.7 billion won ($167.4 million) in the first half of 2017, about double of the amount made year-on-year.
By Kim Da-sol (ddd@heraldcorp.com)
“Establishment as a Korean corporation is an important milestone for the company, which will help us develop a century-old know-how and boost sales of localized insurance products,” said AIA Korea CEO Cha Tae-jin.
The company said it received an official approval from the Financial Supervisory Service to inaugurate as a Korean corporation late last year.
AIA Korea posted a net profit of 177.7 billion won ($167.4 million) in the first half of 2017, about double of the amount made year-on-year.
By Kim Da-sol (ddd@heraldcorp.com)
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