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Mirae Asset Life Insurance launches Vietnam unit

South Korea's Mirae Asset Life Insurance Co. Ltd. said May 14 it launched Mirae Asset Prévoir Life Insurance Co. Ltd. in Hanoi May 11 as its Vietnamese unit, building on the operations of Prévoir Vietnam Life Insurance Company Ltd., Newsis reported.

The Mirae Asset Financial Group unit purchased a 50% stake in Prevoir Vietnam Life Insurance, a midsize life insurance company, in 2017.

The group's other units Mirae Asset Daewoo Co. Ltd., Mirae Asset Global Investments Co. Ltd. and Mirae Asset Capital Co. Ltd. already have presence in Vietnam.