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Allianz Korea: Allianz Korea, Failure of customer focused management

Allianz Korea: Allianz Korea, Failure of customer focused management view photo

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azlk2.com — There was a suspicion of Allianz Life Insurance “using illegally” the customers hundreds of millions by People’s Solidarity for Participatory Democracy in the mid of April 2008. Key issue is that the company sold the stocks of ‘Variable growth fun

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  1. There was a suspicion of Allianz Life Insurance “using illegally” the customers hundreds of millions by People’s Solidarity for Participatory Democracy in the mid of April 2008. Key issue is that the company sold the stocks of ‘Variable growth funds’, the customers’ asset unfairly to save the large amount of corporation tax. “Allianz disturbed the customers’ profit selling the securities in separate accounts to save the corporation tax” and “Allianz sold the stocks of Variable growth fund in separate accounts on March 2007 in favor of the company's profits intended to reduce the corporation tax by getting the best out of TLCF (Tax Loss Carrying Forward) that expiration is coming” said PSPD.

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110968_24 odius3 submitted this on September 10, 2008.

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