Hanwha Life
Native name
한화생명
TypePublic
KRX: 088350
IndustryInsurance
PredecessorKorea Life Insurance
FoundedSeptember 9, 1946
Headquarters63 Building, Yeouido, Seoul,
South Korea
Key people
Cha, Nam Gyu (CEO)
Products
RevenueDecrease US$9.5bn (2013, 9months)
Decrease US$372M (2013, 9months)
Total assetsIncrease US$78.5bn (December 2013)
ParentHanwha Group
Websitewww.hanwhalife.com
FY13 Shareholder

Hanwha Life Insurance Co., Ltd. (KRX: 088350) is a life insurance company in South Korea.[1] It is part of the Hanwha Group.

Hanwha Life Insurance is South Korea's second largest life insurance company with assets of 81 trillion won as of November 2013. It employs 28,000 financial planners and other employees. As of January 2014, it operates seven local headquarters, 65 regional offices and 605 branches.

History

Founded on September 9, 1946 as Korea Life Insurance, Hanwha Life Insurance Co., Ltd. is based in Hanwha Finance Center 63 in Yeouido, a landmark building of Seoul. Korea Life Insurance changed its name to Hanwha Life Insurance in October 2012.

Products

Hanwha Life Insurance's main products include Whole Life Insurance and Critical Illness Insurance; savings-type insurance, including Annuity; and others. In addition, Hanwha Life Insurance serves individual asset management through trust commodities. It also sells retirement pensions, accident and health insurance and group insurance to companies, and has sales channels including individual agents, Bancassurance through agencies of banks, and an internet sales channel, Onsure.[2]

Culture

Hanwha Life Insurance has an esports team, Hanwha Life Esports, that competes in League of Legends Champions Korea.[3][4]

Subsidiaries

  • Hanwha Life Insurance Vietnam[5][6]
  • Hanwha Life Instance Indonesia[7]

References

  1. ↑ "Hanwha Life Insurance Q3 net income down 49.4 pct. to 73 bln won". Yonhap News Agency. November 13, 2019. Retrieved November 18, 2019.
  2. ↑ "Hanwha life insurance". Retrieved January 1, 2018.
  3. ↑ "Hanwha Life Forms Esports Division After Acquiring LCK Team ROX Tigers – ARCHIVE - the Esports Observer". April 16, 2018.
  4. ↑ "Hanwha Life Esports".
  5. ↑ "Korean insurance companies seek new growth engine in Vietnam". koreatimes. June 23, 2023. Retrieved November 23, 2023.
  6. ↑ Global, K. E. D. Cheon, Jongwoo (ed.). "Hanwha Life sees cumulative profit in 15 years in Vietnam". KED Global. Retrieved November 23, 2023.
  7. ↑ Suk-yee, Jung (March 31, 2023). "Hanwha Life Insurance Takes Over Lippo General Insurance in Indonesia". Businesskorea (in Korean). Retrieved November 23, 2023.
  • Official website
  • Business data for Hanwha Life:
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