[Alpha Biz=(Chicago) Reporter Paul Lee] Mirae Asset Life Insurance's stock price has been on a modest decline since late last year, and Mirae Asset Asset Management has expanded its stake in Mirae Asset Life Insurance.

Mirae Asset Asset Management announced on the 24th that it purchased 555,672 shares (0.31%) of Mirae Asset Life Insurance between the 5th and the 22nd of this month. Mirae Asset Asset Management has steadily bought stakes in Mirae Asset Life Insurance since July last year, with its stake also rising from 9.19 percent at the time to 12.87 percent now.

Mirae Asset Consulting, another affiliate of Mirae Asset Group, also expanded its stake in Mirae Asset Life Insurance from 0.73% to 4.27% last year. Mirae Asset Consulting and Mirae Asset Asset Management raised their investments in Mirae Asset Life Insurance from 15 billion won to 20 billion won in July and October last year and from 15 billion won to 35 billion won, respectively.

 

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