Hanwha Life Co Ltd

Hanwha Life's primary activity is life insurance. The company offers a comprehensive range of life insurance products, including individual life insurance, group life insurance, savings products, retirement plans and investment solutions. Hanwha Life primarily serves individuals, families and businesses, offering them financial solutions for protection, estate planning, wealth management and retirement preparation. Its target market includes South Korea as well as other international markets where it is expanding its operations.

Hanwha Life, founded in 1946, is Korea’s first life insurance company. Here are the key milestones in its development:

1946: Establishment of the company, marking the beginning of life insurance in Korea.
1985: Construction of the 63 Building, then the tallest building in Korea, symbolizing the company’s financial growth.
2002: Hanwha Life joins the Hanwha Group, laying the foundation for stable growth.
2009: First international expansion with entry into the Vietnamese market, becoming the first Korean life insurer to operate locally abroad.
2012: Name change to Hanwha Life and announcement of a new corporate vision.
2014: Awarded a AAA rating for claims-paying ability by the three main Korean rating agencies.
2016: Surpassed KRW 100 trillion in assets and opened Korea’s first fintech center, DREAMPLUS 63.
2021: Launch of Hanwha Life Financial Service, the first separation of sales channels in the sector, strengthening competitiveness through digital innovation.
2022: Omnichannel integration and improved efficiency through digital platforms.
2023: Launch of major cultural and sports events, such as the Hanwha Life Signature 63 RUN and the Hanwha LIFEPLUS International Crown.
2024: Opening of the Hanwha AI Center in San Francisco and selection for innovative AI-based financial services.
2025: Acquisition of Nobu Bank in Indonesia, becoming the first Korean insurer to enter banking abroad, and awarded a AAA rating by the three main Korean agencies.

Hanwha Life stands out for its international expansion (Vietnam, China, Indonesia, United States, Japan), its commitment to digital innovation and AI, as well as a strategy of sustainable development and social contribution.

The founder of Hanwha Life Co Ltd is Kim Chong-Hee, who established the Hanwha Group in 1952. Hanwha Life, a subsidiary of the Hanwha Group, is one of the leading life insurance companies in South Korea.

The main members of Hanwha Life’s executive team include:

• Yeo Seung-joo – President and CEO
• Kim Dong-won – Executive Vice President
• Kim Jong-hee – Chief Financial Officer (CFO)
• Jang In-sub – Chief Strategy Officer

These executives oversee the company’s strategic, financial, and international operations, drawing on the Hanwha Group’s expertise in finance, insurance, and banking.