Samsung Life Insurance Enters Vietnam Market
South Korean-based Samsung Life Insurance Company will a representative office in Vietnam on July 17.
The company received license for establishment of the office on April 17. The office will study a business model sui to Vietnam market and a strategy to penetrate to and tap business opportunities in the country.
Samsung Life Insurance is a key member of Samsung Electronics Company as well as Samsung Group. It reported insurance premiums of US$27.6 billion in 2007, holding the largest market share of 28 per cent of income insurance in South Korea.
The company is running 11 offices, including one in Vietnam, in seven countries. (Vietnam Economic Times, Investment)
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