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International

South Korean insurer seeks to expand in China, Vietnam

March 12, 2018 Reprints

South Korea-based insurer NongHyup Financial Group Inc.'s unit NongHyup Property & Casualty Insurance Co. Ltd. will partner with the All China Federation of Supply and Marketing Cooperatives to setup a new property insurer in China, Pulse reported. NongHyup Property & Casualty will hold a less than 20% stake in the new insurer. Additionally, NongHyup Financial is looking to buy a stake in the insurance unit of Vietnam Bank for Agriculture and Rural Development.

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South Korean insurer seeks to expand in China, Vietnam

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