Mirae Asset Life Insurance Invests in Corporate Agency KGA Asset

[Asia Economy Reporter Oh Hyung-gil] Mirae Asset Life Insurance announced on the 15th that it has signed an equity investment contract worth 7 billion KRW with KGA Asset, the 5th largest corporate agency (GA) in the industry.

KGA Asset, which has over 9,000 planners, achieves new contract volumes exceeding 2 billion KRW every month. Mirae Asset Life Insurance plans to maximize synergy through this strategic equity investment and leap forward as a leader in the GA market.

Mirae Asset Life Insurance explained that it decided to invest to strengthen its partner business and lead the comprehensive financial consulting market. In the long term, it plans to build a full-scale open GA platform through win-win cooperation with insurance agencies.

KGA Asset will secure resources for sustainable growth, support strategic product development, and integrate an upgraded marketing system to provide differentiated financial consulting services.

Cha Sang-taek, Head of Management Services Division at Mirae Asset Life Insurance, stated, "We expect a higher level of synergy as Mirae Asset Life Insurance's differentiated brand power and marketing system combine with KGA Asset's excellent consulting capabilities," adding, "We will proactively respond to the rapidly changing market environment and provide innovative customer services."

This content was produced with the assistance of AI translation services.