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September 04, 2015 5:35 PM ET

Insurance

Company Overview of Kyobo Life Insurance Co., Ltd.

Company Overview

Kyobo Life Insurance Co., Ltd. provides various insurance products and services to individual and corporate customers in South Korea. It offers various protection, annuity, and savings products and services, as well as financial consulting services to individual customers. The company also provides corporate pension plan, private health insurance, and optional corporate welfare system, as well as corporate welfare consulting services to corporate customers. In addition, it offers loan products, such as mortgage-backed securities and insurance policyholder loans. The company was formerly known as Daehan Kyoyuk Insurance Co., Ltd. and changed its name to Kyobo Life Insurance Co., Ltd. in April...

Jongno-1ga

Jongno-gu

Seoul,  110-714

South Korea

Founded in 1958

Phone:

82 2 1588 1001

Fax:

82 2 737 9970

Key Executives for Kyobo Life Insurance Co., Ltd.

Chairman and Chief Executive Officer
Age: 62
Chief Financial Officer, Senior Executive Vice President and Head of Financial Assets
Chief Operating Officer, Senior Executive Vice President and Head of the Insurance Business
Chief Administration Officer, Head of Personnel and Senior Executive Vice President
Senior Vice President
Compensation as of Fiscal Year 2015.

Kyobo Life Insurance Co., Ltd. Key Developments

Kyobo Life Insurance Not To Buy Stake In Woori Bank

Kyobo Life Insurance Co., Ltd. said it would not bid for a controlling stake in Woori Bank (KOSE:A000030), abandoning an interest it had expressed in the holding put up for sale by the government. A Kyobo Life spokesman confirmed that it had not submitted an offer for the stake of 30%, reported Reuters.

Kyobo Life May Acquire Woori Bank

Kyobo Life Insurance Co., Ltd. which has teamed up with foreign investors is set to make a final decision on whether to bid for a 30% stake in Woori Bank (KOSE:A000030) from The South Korean government at its November 18, 2014 Board meeting. Kyobo Life Insurance Co., Ltd. is said to be in talks with SBI Holdings, Inc. (TSE:8473) and AXA Group (ENXTPA:CS) for the venture. Potential suitors include Anbang Insurance Group Co., Ltd.

Kyobo Life Insurance Remains Only Suitor For Woori Bank

The government privatization agency said that till August 6, 2014, Kyobo Life Insurance Co., Ltd. remains the only interested suitor for 30% stake in Woori Bank. The agency also said the sale is open to both foreign and domestic investors, and that it has no preference either way for strategic or private equity buyers.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 18, 2015
kt Rental Co., Ltd.
Private Placement
November 12, 2014
KYOBO Lifeplanet Insurance Company
Merger/Acquisition
October 6, 2014
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To contact Kyobo Life Insurance Co., Ltd., please visit www.kyobo.co.kr. Company data is provided by Capital IQ. Please use this form to report any data issues.

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