(MENAFN) Korean Reinsurance Co. is planning to establish a branch in Switzerland in 2019, in an attempt to expand its presence in Europe.

South Korea's sole reinsurer said that the new branch will be established in Zurich and is planned to become operational in June of 2019.

It will be the second branch of the company in Europe, after its London branch, and it's currently awaiting final approval from Chinese regulators for the opening of a branch in Shanghai, expecting it to be operational in H2 of this year, or the year after.

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