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SANTA ANA, CA-Santa Ana-based First American Corp. is planning to expand into Korea, as the company has received permission to set up a branch there. First American has been given the green light by Korea’s Financial Supervisory Commission, which recently approved the company’s proposal.

With roots in Santa Ana dating back to 1889, First American is one of the nation’s leading providers of business information and related products and services. The company operates three principal subsidiaries: real estate information and services, consumer information and services, and title information and services. The real estate arm offers products and services that mortgage lenders need to originate, close and service loans, while the consumer information subsidiary provides credit reporting, insurance services and other informational products that operate independent of real estate cycles. The title insurance subsidiary supplies insured information about real property, as well as technical and software solutions for the real estate industry.

Demand has begun to grow in Korea for title insurance services, as the issuance of asset-backed securities was approved by regulators in the late 1990s. Last year, Korean companies sold more than $37 billion of asset-backed securities.

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