Cardif Life Korea eyes first foreign assets

Cardif Life Insurance Korea is considering investing in foreign assets for the first time and is mulling whether to change its mandate so it can buy lower-rated bonds, both with a view to boosting returns. The Seoul-based firm, part of the BNP Paribas group, intends to make its first forays into property, via funds or real estate investment trusts. These will be invested in domestic assets, says head of investments Jung Ho-Kyoon, who oversees the W1.6 trillion ($1.4 billion) gener…