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Pacific Life Re receives regulatory approval to start South Korean ops

South Korea'sFinancial Services Commission gave PacificLife Re Ltd. approval to begin operations in the country, The Korea Herald reported April 5.

The firm, whichworks with clients in Europe, Asia, Australia and North America, will be able toopen a branch in South Korea immediately following the approval, according to anofficial from the regulator.

Pacific Life Re is a unit of Pacific Mutual Holding Co.