Mirae Asset moves to enter Taiwan market via M&A deal

Mirae Asset Global Investments has made a strategic move to enter the Taiwan market, signing a memorandum of understanding to buy a 60% stake in TLG Asset Management, a subsidiary of Taiwan Life Insurance Company.  Under the agreement, the international arm of South Korea's Mirae Asset will become the largest shareholder of Taiwan Life Asset Management, a mid-size manager with $270 million in assets.  Once completed, the deal will enable Mirae to provide investors in Taiwan with both …