First American to Enter Korean Market

First American Corp., the second-largest provider of title insurance in the U.S., is entering the Korean market to tap growing demand for insurance for real estate and other assets.

South Korea’s Financial Supervisory Commission, which decides rules for the industry, said it approved a proposal allowing Santa Ana-based First American to set up a South Korean branch.

First American’s shares fell 48 cents to close at $18.94 on the NYSE.