Hanwha Life Insurance Co. Ltd. will invest 3 trillion Vietnamese dong in unit Hanwha Life Co. Ltd. (Vietnam) sometime in April, according to a disclosure filed with the Korea Exchange on March 2.
The investment was made as part of efforts to increase capital, in order to comply with Vietnamese regulations, according to the filing.
Hanwha Life Insurance's stake ownership in Hanwha Life (Vietnam) will remain unchanged at 100%.
As of March 2, US$1 was equivalent to 22,764 Vietnamese dong.
