Company Information
| Company name (English) | Kyobo Life Insurance Co., Ltd. |
|---|---|
| CEO | Chang Jae Shin, Jung Bum Pyun |
| Date of establishment | 1958.08.07 |
| Number of employees | 3,839 |
| Capital | 102,500 million KRW |
| Enterprise classification (1) | Conglomerate |
| Enterprise classification (2) | Financial company |
| Financial Area | Insurance |
| Business type | B2C |
| Services | Insurtech |
| Service Technology | AI |
| Address | 1, Jong-ro, Jongno-Gu, Seoul, Korea 03154 |
| Website URL | www.kyobo.com |
Contact Information
| Company number | +82-1588-1001 |
|---|---|
| Company email | kyobo@kyobo.com |
| Contact Point (Position) | Jin Hee Han(Manager) |
| Contact E-mail | jhhan@kyobo.com |
Company introduction
Since its establishment in 1958, Kyobo Life has walked the path of a life insurance company in its honest and sincere manner and led the industry by practicing our customer-centered core values to keep our commitments to our customers. In addition, based on human-centered management that “people are the most valued assets,” the Company shows solid trust and unchanging values to all stakeholders.
Information on the main products and services
Kyobo Life provides differentiated products and services, including whole life / term insurance, health / integrated insurance, education / child insurance, annuity insurance, and savings insurance, to help customers pursue their precious dreams with confidence throughout their lives. In addition, the Company provides various supplementary services for each product, from disease prevention through health management to post-care.
<Major insurance products>
ㅇWhole Life/ Term Insurance : To protect you and your family in the event of an unfortunate accident
- (No-dividend) Kyobo Budget Whole-Life Insurance (guarantee cost imposed)
ㅇHealth/Integrated Insurance : To provide services for customers who want to be covered from both major illness and death
- (No-dividend) Kyobo Budget New Health Plus Whole-life Insurance
ㅇAnnuity Insurance : To provide services for customers who are concerned about living longer than the economically active period
- (No-dividend) Kyobo New Plan Pension Insurance
ㅇEducation/Child Insurance : To provide education funds for your child and to cover illnesses/injuries
- Preview (No-dividend) Kyobo Variable Education Insurance, (No-dividend) Kyobo My Precious Child Insurance II(renewal type)
ㅇSavings Insurance : To help customers prepare funds for diverse purposes
- (No-dividend) Kyobo First Deposit Insurance III
ㅇInsurance for the Disabled : To provide services designed exclusively for people with disabilities
- (No-dividend) Kyobo Gomduri Coverage Insurance
<Major supplementary services>
ㅇIntegrated healthmanagement service : To provide linked health management programs and programs for health improvement in our daily lives, as well as management of diseases with medical specialists, nurses, nutritionists, psychological counselors, sports therapists, etc.
- Kyobo Health Care Service (for VIP customers who subscribe to Whole Life and CI Insurance)
ㅇEducation-support service : To help children find their dreams and talents, and to develop appropriate characters and desirable leadership and followership with experts in each field by providing affiliate programs with Kyobo Life and Kyobo Book Centre
- Kyobo Edu Care Service (for customers who subscribe to Education Insurance And Child Insurance)
ㅇDementia-management service : To offer the dementia care services that carefully manage dementia according to the symptoms per stage
Company history
| 2022 | 01. 01 | • Launched MyData service “Peach” |
|---|---|---|
| 2021 | 01. 01 |
• Declared Kyobo Vision2025 • Received the prize at the Consumer Centered Management (CCM) for the eighth consecutive year • Acquired permission for the financial MyData business from the Financial Services Commission • Ranked No. 1 in the life insurance sector of the Korean Sustainability Index for the 12th consecutive year |
| 2020 | 01. 01 |
• Received the “Tower for High-Income Taxpayer (KRW 400 billion)” • Received the “Minister’s commendation from the Ministry of Science and ICT at the 2020 Korea ICT Innovation Awards” • Nominated as the best institution on the “Financial Consumer Protection from the Assessment of Performance” by the Financial Supervisory Service and received the “FSS Awards” for the second consecutive year |
| 2019 | 01. 01 |
• Chairman & CEO Chang-Jae Shin wins the inaugural 'Best CEO of the year' award at the Korean Sustainability Conference • Received the '2019 Technology Initiative of the Year' of the Asia Insurance Industry Awards |
| 2018 | 01. 01 |
• Wins the President’s Award at the Korea Digital Management Innovation Awards • Chairman & CEO Chang-Jae Shin receives the Eungwan Order of Cultural Merit. |
| 2017 | 01. 01 | • Received the ‘Fair Trade Commissioner’s Commendation’ at the Consumer Rights Day Awards |
| 2016 | 01. 01 |
• Declaration of Kyobo Vision 2020 • Received the ‘Grand Prize Award’ at the 12th Management Transparency Awards |
| 2014 | 01. 01 | • Wins the second ‘Beloved Corporate Government’ Presidential Award and the private company prize in the process category for Porter Prize for Excellence in CSV |
| 2013 | 01. 01 | • Establishment of Kyobo Lifeplanet Life Insurance Co., Ltd. |
| 2012 | 01. 01 | • Chairman & CEO Chang-Jae Shin wins the ‘Best Insurance CEO of the Year’ at the Asia Insurance Industry Awards |
| 2011 | 01. 01 | • Declaration of Kyobo Vision 2015 |
| 2010 | 01. 01 | • Joins the International Agreement for Corporate Social Responsibility and the UN Global Compact. |
| 2009 | 01. 01 | • Selected as the Best Insurance Company of the Year in the Asia Life Insurance Industry. |
| 2004 | 01. 01 | • Wins the Customer Satisfaction Grand Prize(for the fifth consecutive year); inducted into the Hall of Fame. |
| 2002 | 01. 01 | • Foundation of the Kyobo Dasomi Volunteer Service Center |
| 2001 | 01. 01 | • Declaration of Vision2010 and the CI of Kyobo people |
| 2000 | 01. 01 | • Declaration of the ‘Ethics Charter of Kyobo people’ |
| 1997 | 01. 01 | • Establishment of Kyobo Foundation for Education |
| 1996 | 01. 01 | • Founder Yong-Ho Shin inducted into the IIS Insurance Hall of Fame. |
| 1995 | 01. 01 | • Company renamed as Kyobo Life Insurance Co., Ltd. |
| 1992 | 01. 01 | • Establishment of the Daesan Foundation |
| 1991 | 01. 01 | • Establishment of the Daesan Agriculture Foundation |
| 1983 | 01. 01 | • Founder Yong-Ho Shin awarded the ‘Founder’s Award’by the IIS (International Insurance Society) |
| 1980 | 01. 01 | • Establishment of Kyobo Book Centre Co., Ltd. |
| 1967 | 01. 01 | • Becomes the best company in the insurance industry with 32.7 billion won in insurance contracts just nine years after its founding |
| 1958 | 01. 01 | • Foundation of Daehan Education Insurance Co., Ltd. Creation of Jinhak Insurance, the world’s first education insurance. |
Financial Statements
| Category | Most recent year | -1 year | -2 year |
|---|---|---|---|
| Term | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total Assets | 119,149,284 | 115,486,112 | 107,893,489 |
| Total liabilities | 108,125,326 | 104,488,951 | 97,301,016 |
| Total Ownership interest | 11,023,958 | 10,997,162 | 10,592,473 |
| Capital | 102,500 | 102,500 | 102,500 |
| Operating revenue | 16,032,345 | 15,708,927 | 12,977,036 |
| Operating expenses | 15,539,937 | 15,195,640 | 12,260,971 |
| Net profit during the term | 396,443 | 382,865 | 546,010 |
Details and outcomes of sandbox designation
| Program type | Innovation financial Service |
|---|---|
| Service name | Visible TM Insurance Subscription Service |
| Date of designation (selection) | 2022.12.21 |
* You can provide information about your supplier through the information in this menu.