ORIX launches fund to invest in Korean life insurance

The fund has attracted nine investors including National Pension Service and The Korea Teachers Pension to invest in Mirae Asset Life Insurance.

South Korea’s National Pension Service (NPS) and The Korea Teachers Pension are among the nine investors expected to commit to a KRW300 billion (€195 million; $278 million) fund launched by Japanese financial conglomerate ORIX Corporation to invest in Mirae Asset Life Insurance.

According to a statement, the fund will be established together with Korean company LTI Investment.

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