Tongyang success teaches how to save a business

About a month ago, I got a chance to visit Tongyang Life Insurance, the South Korean insurer acquired last September by China's Anbang Insurance Group.

The visit, although very brief, offered me a peek into one of the biggest and yet most mysterious financial conglomerates in China and the way it manages its overseas subsidiaries.

During the visit, I was briefed about how the South Korean insurer has managed to achieve a dramatic improvement in its business since Anbang took over.