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Samsung Life Insurance

#1369

Rank

$13.23B

Marketcap

South Korea

Country

Samsung Life Insurance
Leadership team

Mr. Young-Muk Jeon (Pres & CEO & Internal Director)

Mr. Jong-Moon Park (Managing Director)

Mr. Ho-Seok Yu (VP & Head of Asset Management Division)

Products/ Services
Health Insurance, Insurance, Life Insurance
Headquarters
Seocho, Seoul-t'ukpyolsi, South Korea
Established
1957
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
032830.KS
Social Media
Overview
Location
Summary
Samsung Life Insurance Co., Ltd. engages in the life insurance business in Korea and internationally. The company operates through Domestic Insurance; Credit Card Service, Installment Financing, and Leasing; and Overseas segments. It offers life, term, health, accident, pension, saving, child, and direct insurance; insurance contract, credit, and mortgage loans; and retirement pension products. In addition, the company engages in the provision of real estate lease, investment and trust management, specialized credit finance, collective and real estate collective investment vehicle, and new technology business investment services. As of December 31, 2021, it operated 88 local divisions and 590 branches. The company was incorporated in 1957 and is based in Seoul, South Korea.
History

Founded in 1957, the company quickly grew and attained a market leading position after just 18 months of operations. Since then, Samsung Life Insurance has maintained its market leadership in the industry through product innovation, marketing, and distribution. In particular, the growth was accelerated after the company was incorporated under Samsung Group in 1963.In 1986, the company opened representative offices in New York and Tokyo. It has also expanded in overseas operation through a joint venture in Thailand in 1997 and China in 2005. The company was the first life insurance company in Korea to achieve KRW 100 Trillion Won in assets in 2006. On May 12, 2010, Samsung Life Insurance went public and the shares went for 110,000 won, or $96/share in one of the largest initial offerings and a record for the country, raising $4.4 billion.

Mission
Inspire the world with our innovative technollogies,products and design that enrich pople's lives and contribute to social prosperity by creating a new future
Vision
The Vision 2020 is at the core of our commitment to create a better world full of richer digital experiences, through innovative technology and products.
Key Team

In Chul Choi (MD & Head of First Planning Team)

Mr. Kyung-Bok Lee (Chief of Financial Affairs Team & Exec. Director)

Jun-Kun Lee (Internal Accounting Control System Officer)

In Hwan Kim (Head of Investor Relations)

Jong Wook Jung (Chief Legal & Compliance Officer and MD)

Mr. Chang-Woo Byun (Marketing Division Head and Sr. VP)

Mr. Jong-Guk Shim (VP of Sales Division)

Recognition and Awards
Samsung Life Insurance has been recognized by numerous awards, including Euromoney Award for Excellence in Insurance, the Korean Insurance Award, and the Asia Insurance Review Award for Excellence in Life Insurance.
References
Samsung Life Insurance
Leadership team

Mr. Young-Muk Jeon (Pres & CEO & Internal Director)

Mr. Jong-Moon Park (Managing Director)

Mr. Ho-Seok Yu (VP & Head of Asset Management Division)

Products/ Services
Health Insurance, Insurance, Life Insurance
Headquarters
Seocho, Seoul-t'ukpyolsi, South Korea
Established
1957
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
032830.KS
Social Media