Insurance
Mergers & Acquisitions
Meritz drops bid for troubled MG Non-Life Insurance; Liquidation looms
Mar 13, 2025 (Gmt+09:00)
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Private equity
Affinity, GIC sell out of Kyobo Life; Chairman Shin seeks holding firm, M&A
Affinity Equity Partners and Singapore’s sovereign wealth fund GIC have sold their entire stake in Kyobo Life Insurance Co., exiting from their...
Mar 07, 2025 (Gmt+09:00)
3 Min read -
Private equity
Kyobo Life’s Shin in talks with Affinity, GIC over exits below purchase price
Kyobo Life Insurance Co., South Korea’s third-largest life insurer, is in talks with some of its financial investors (FIs) to help them exit fr...
Feb 25, 2025 (Gmt+09:00)
3 Min read -
IPOs
Korea’s LG CNS, DN Solutions seek billions of dollars via Jan IPOs
LG CNS Co., DN Solutions Co. and other South Korean companies aim to raise billions of dollars through domestic initial public offerings (IPOs) in Ja...
Oct 27, 2024 (Gmt+09:00)
2 Min read -
Insurance
DB Insurance outshines domestic rivals in global business
DB Insurance Co. raked in the biggest profits from overseas operations among South Korean insurance companies in the first half of this year, leading...
Oct 08, 2024 (Gmt+09:00)
3 Min read -
Insurance
Kyobo Lifeplanet, FWD Hong Kong to collaborate on GenAI
South Korea's Kyobo Lifeplanet Life Insurance Co. announced on Friday that it signed a memorandum of understanding with Hong Kong-based insurer FWD H...
Jul 12, 2024 (Gmt+09:00)
1 Min read -
Insurance
Kyobo Life nurtures 136 startups over 7 years
South Korea's Kyobo Life Insurance Group announced on Thursday that it nurtured 136 impact businesses (Impact-Ups) in seven years to create social va...
Jul 11, 2024 (Gmt+09:00)
1 Min read -
Insurance
Kyobo Life, Japan’s SBI to team up on security token, digital finance
South Korea’s Kyobo Life Insurance Group and Japan’s SBI Group have entered into a strategic business partnership agreement to expand the...
Jul 04, 2024 (Gmt+09:00)
2 Min read -
Insurance
Woori to buy Dajia’s insurers in Korea for up to $2.2 bn
Woori Financial Group Inc., South Korea’s fourth-largest financial services holding company, is set to acquire China’s Dajia Insurance Gr...
Jun 26, 2024 (Gmt+09:00)
3 Min read -
Insurance
K-Sure to support Korean firms' participation in Vietnam's gas project
Korea Trade Insurance Corp. (K-Sure) announced that it will leverage medium- and long-term financial support to assist domestic companies in particip...
Jun 21, 2024 (Gmt+09:00)
1 Min read -
Insurance
Kyobo Life gets Moody's A1 credit rating for 10 consecutive years
South Korea's Kyobo Life Insurance Co. announced on Tuesday that it has received an A1 (stable) insurance financial strength rating from Moody's Rati...
Jun 18, 2024 (Gmt+09:00)
1 Min read -
Insurance
Kyobo Life gets AAA IFS rating for 18 consecutive years
South Korea's Kyobo Life Insurance Co. announced on Thursday that it received the highest rating of AAA for insurer financial strength (IFS) from the...
May 30, 2024 (Gmt+09:00)
1 Min read -
Insurance
Korea's Lotte Insurance put on market for around $1.5 bn
Lotte Group’s non-life insurance affiliate Lotte Insurance Co., has been put up for sale at around 2 trillion won ($1.5 billion), according to ...
Apr 23, 2024 (Gmt+09:00)
1 Min read -
Insurance
Hanwha, 1st Korean insurer to earn dividends from overseas unit
Hanwha Life Insurance Co. is set to earn dividends from its Vietnamese subsidiary, reporting a cumulative profit after 15 years, becoming South Korea...
Apr 01, 2024 (Gmt+09:00)
3 Min read -
Insurance
KIDI to build insurance infrastructure in Vietnam
The Korea Insurance Development Institute (KIDI) announced on Friday that it signed a business agreement with the Vietnam Insurance Development Insti...
Mar 22, 2024 (Gmt+09:00)
1 Min read -
Insurance
Lotte Insurance's value rises with long-term care expansion
When South Korean private equity firm JKL Partners acquired a 77% stake in Lotte Insurance Co. for about 730 billion won ($546.3 million) in 2019, ma...
Mar 06, 2024 (Gmt+09:00)
3 Min read -
Insurance
Hanwha Life sees cumulative profit in 15 years in Vietnam
Hanwha Life Insurance Co.’s Vietnamese subsidiary has reported a cumulative profit in 15 years, marking the first South Korean insurers’ ...
Aug 20, 2023 (Gmt+09:00)
3 Min read -
Insurance
Tokio Marine seeks to sell SE Asia units to S.Korean companies
Japanese insurer Tokio Marine Holdings Inc. is seeking to sell its units in Southeast Asia for $1 billion to major South Korean companies looking for...
Aug 14, 2023 (Gmt+09:00)
3 Min read -
Insurance
NH Property & Casualty Insurance inks MOU with Vietnam's PVI
South Korea's NH Property and Casualty Insurance announced on Wednesday its new comprehensive business cooperation agreement (MOU) with PVI Insurance...
Jun 21, 2023 (Gmt+09:00)
1 Min read -
Insurance
DB Insurance acquires Vietnam's 9th largest insurance company
DB Insurance Co., a South Korean non-life insurance company, announced on Friday that it has signed an acquisition agreement with the Saigon-Hanoi I...
Jun 16, 2023 (Gmt+09:00)
1 Min read -
Insurance
Woori Bank Vietnam, Samsung Vina Insurance team up for bancassurance
South Korea's Woori Bank revealed on Thursday that its Vietnamese operation, Woori Bank Vietnam, has signed a property insurance business agreement w...
Jun 15, 2023 (Gmt+09:00)
1 Min read -
Insurance
KB Financial, Sompo Japan team up for boosting nursing care services
South Korea's KB Financial Group and Japan's Sompo Holdings announced on Friday a memorandum of understanding (MOU) to collaborate on nursing care se...
Jun 09, 2023 (Gmt+09:00)
1 Min read -
Insurance
DB Group, T&T Group sign agreement for business corporation
DB Group, South Korea's conglomerate, announced on Tuesday that it has signed a memorandum of understanding (MOU) for business collaboration with Vie...
May 30, 2023 (Gmt+09:00)
1 Min read -
Insurance
Hanwha Life acquires Indonesia's Lippo General Insurance
South Korea's Hanwha Life Insurance said on Thursday that it has acquired a 62.6% stake in Indonesian insurer Lippo General Insurance, in collaborati...
Mar 30, 2023 (Gmt+09:00)
1 Min read -
Insurance
SGI Insurance signs MOU with IADB to revitalize guarantee insurance
Seoul Guarantee Insurance Company (SGI) announced on Wednesday that it had entered into a memorandum of understanding with the Inter-American Develop...
Mar 29, 2023 (Gmt+09:00)
1 Min read -
Insurance
Kyobo Life chief Shin Chang-jae inducted into insurance hall of fame
Shin Chang-jae, chief executive and chairman of South Korea’s Kyobo Life Insurance Co., has been honored with a prestigious award from the Int...
Mar 22, 2023 (Gmt+09:00)
2 Min read -
Insurance
DB Insurance acquires Vietnam's 10th largest insurer VNI
DB Insurance has acquired Vietnam National Aviation Insurance (VNI), Vietnam's 10th-largest property and casualty(P&C) insurance company. With an...
Feb 24, 2023 (Gmt+09:00)
1 Min read -
Insurance
Kyobo Life Insurance speeds up creation of holding company
South Korea’s Kyobo Life Insurance Co. is set to establish a holding company by the second half of 2024. The major insurer seeks to raise its c...
Feb 08, 2023 (Gmt+09:00)
1 Min read -
Insurance
Dajia Insurance likely to put Korea's ABL Life up for sale again
China’s Dajia Insurance Group Co. seeks to divest of a full stake in its South Korean subsidiary ABL Life Insurance Co. with an estimated value...
Dec 09, 2022 (Gmt+09:00)
1 Min read -
Insurance
Auto insurers set for record claims over heavy rains
The record rainfalls in the Seoul metropolitan area this week are expected to lead to the largest-ever claims for South Korean auto insurance firms t...
Aug 11, 2022 (Gmt+09:00)
2 Min read
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