October 25, 2016 5:10 PM ET


Company Overview of Hanwha Life Insurance Co., Ltd.

Company Overview

Hanwha Life Insurance Co., Ltd. provides various insurance products in South Korea and internationally. It provides child, critical illness, whole-life, and variable annuity insurance products. It also provides retirement pension plans; and protection-focused products, such as corporate wellbeing life plans, employees coverage plans, and group medical coverage plans, as well as group savings plans and welfare corporate plans; and asset management services. The company was formerly known as Korea Life Insurance Co., Ltd. and changed its name to Hanwha Life Insurance Co., Ltd. in October 2012. Hanwha Life Insurance Co., Ltd. was founded in 1946 and is headquartered in Seoul, South Korea.

63 Hanwha Life Building



Seoul,  150-763

South Korea

Founded in 1946


82 2 789 5114


82 2 784 7217

Key Executives for Hanwha Life Insurance Co., Ltd.

Hanwha Life Insurance Co., Ltd. does not have any Key Executives recorded.

Hanwha Life Insurance Co., Ltd. Key Developments

Woori Bank Continues To Receive Bids

The stock of Woori Bank Co., Ltd. (KOSE:A000030), on September 26, 2016, ended at KRW 11400 won, up 0.44% from the previous session, amid increasing interest in bidding for Woori Bank. According to Korea Deposit Insurance Corporation, which is selling a 30% stake out of 51.06% it has in Woori Bank Co., Ltd. (KOSE:A000030), a total of 18 entities have submitted LOIs for 4 to 8%. Three investors - Korea Investment & Securities Co., Ltd., Kiwoom Securities Co., Ltd. (KOSE:A039490) and Hanwha Life Insurance Co., Ltd. (KOSE:A088350), have made their bids public. Other investors include, Tong Yang Life Insurance Co., Ltd. (KOSE:A082640) and ORIX Private Equity Korea Corporation, Vogo Fund I, Baring Private Equity Asia, Affinity Equity Partners, CVC Capital Partners Limited and IMM Private Equity, Inc. The government will hold a meeting late on September 26, 2016, to confirm the dates for due diligence and actual bidding.

Kyobo Life, Hanwha Life And Korea Investment Confirm Bidding For Woori Bank

Kyobo Life Insurance Co., Ltd., Hanwha Life Insurance Co., Ltd. (KOSE:A088350) and Korea Investment Holdings Co., Ltd. (KOSE:A071050) confirmed that they are considering buying splinter stakes in Woori Bank Co., Ltd. (KOSE:A000030), in the privatization sale by Korea Deposit Insurance Corp. of 30% out of a 48.09% held by it to multiple investors. The bid is slated to open on September 23, 2016. Besides the three, National Pension Service, KT Corp. (KOSE:A030200) and some foreign private equity funds are also showing interest in the sale. POSCO (KOSE:A005490) was said to be interested in taking part in the bidding, but it officially withdrew the plan due to its internal restructuring process going forward. Affinity Equity Partners, Baring Private Equity Asia and ORIX Private Equity Korea Corporation, which Lee Kwang-goo, Chief Executive Officer of Woori Bank contacted in person at recent investor relations meetings, are also being considered as possible bidders.

Hanwha Life Mulls Acquisition Of Stake In Woori Bank

Hanwha Life Insurance Co., Ltd. (KOSE:A088350) is considering to acquire stake in Woori Bank Co., Ltd. (KOSE:A000030). Hanwha Life Insurance said that it is considering buying a stake in Woori Bank, adding that nothing has been decided.

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