Company Information
| Company name (English) | Heungkuk Fire & Marine Insurance |
|---|---|
| CEO | YunSang Song |
| Date of establishment | 1948.03.15 |
| Number of employees | 927 |
| Capital | 325,800 million KRW |
| Enterprise classification (1) | Conglomerate |
| Enterprise classification (2) | Financial company |
| Financial Area | Insurance |
| Business type | B2C, B2B |
| Services | Other |
| Service Technology | Other |
| Address | Saemunan-ro 68, Jongno-gu, Seoul |
| Website URL | www.heungkukfire.co.kr |
Contact Information
| Company number | 02-1688-1688 |
|---|---|
| Contact Point (Position) | Beomseok Lee(senior) |
| Contact E-mail | bslee@insurance.co.kr |
Company introduction
Founded in 1948 with the founding spirit of "Protecting the assets of the people and realizing social welfare," Heungkuk Fire & Marine Insurance has been growing with customers for over half a century. Since being incorporated into the Heungkuk Financial Group of Taekwang Group, which has a solid capital structure, in January 2006, the company has achieved remarkable growth in the insurance market through innovative organizational structures and business models with bold investments and efforts.
Heungkuk Fire & Marine Insurance will continue to pursue profitable growth and enhance corporate value through continuous innovation and bold challenges.
We also promise to become a trusted company that takes responsibility for our customers' precious assets and future by thoroughly practicing customer-centric management.
Heungkuk Fire & Marine Insurance will grow into a company that is loved by customers and leads the market by all employees leading by example in practicing the five virtues of courtesy, love, diligence, courage, and wisdom.
Information on the main products and services
Heungkuk Fire & Marine Insurance is a customer-oriented company that provides insurance products at reasonable prices and with simple claims and loan procedures.
□ Products
- Medical/health insurance, travel insurance, children's insurance, driver/accident insurance, pension/savings insurance, fire/property insurance, automobile insurance, direct CM (internet subscription)
□ Loans
- Insurance contract loan service
□ Claims
- Disease/injury/property insurance
- Car insurance
Company history
| 2022 | 03. 01 | YunSang Song inaugurated as CEO |
|---|---|---|
| 2021 | 03. 01 | Declaration of consumer-centered management |
| 2019 | 06. 01 | Total assets exceed KRW 125 trillion |
| 2013 | 04. 01 | Next-generation system ‘U-PRIDE’ opened |
| 2010 | 07. 01 | Eyou Direct monthly sales exceed 20 billion won |
| 2009 | 03. 01 | Company name changed to ‘Heungkuk Fire & Marine Insurance’ |
| 2007 | 06. 01 | Heungkuk Financial Plaza opens |
| 2006 | 06. 01 | Company name changed to ‘Heungkuk Ssangyong Fire & Marine Insurance’ |
| 03. 01 | Incorporation of affiliates into Taekwang Group | |
| 2005 | 07. 01 | Launch of Internet-only car insurance ‘Eyu Direct’ |
| 2003 | 04. 01 | Contact Center (call number1688-1688) opened |
| 1999 | 12. 01 | NEW MILLENNIUM PROJECT (mid- to long-term vision) |
| 1996 | 11. 01 | Establishment of an integrated information system (IT) |
| 1994 | 05. 01 | Company name changed to Ssangyong Fire & Marine Insurance Co., Ltd. |
| 1974 | 12. 01 | Initial public offering (date of initial listing) |
| 1959 | 11. 01 | Became an affiliate of Ssangyong Group |
| 1948 | 03. 01 | Establishment of Korea Fire & Marine Insurance Co., Ltd. and commencement of business |
Financial Statements
| Category | Most recent year | -1 year | -2 year |
|---|---|---|---|
| Term | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total Assets | 12,031,600 | 12,437,000 | 13,762,300 |
| Total liabilities | 10,670,900 | 98,443,000 | 13,071,600 |
| Total Ownership interest | 1,360,700 | 2,592,800 | 690,600 |
| Capital | 325,800 | 325,800 | 325,800 |
| Operating revenue | 3,352,400 | 3,226,800 | 4,514,600 |
| Operating expenses | 2,944,600 | 2,963,500 | 4,437,500 |
| Net profit during the term | 316,100 | 207,200 | 62,000 |
Other
2023 02
Certified as an excellent site for information accessibility (WA)
2022 02
Acquired nationally recognized web accessibility quality certification mark
2021 12
Award Korea Insurance Category Grand Prize
2021 12
Obtained Consumer Centered Management (CCM) certification
2021 11
CEO Communication Awards Corporate Sector CEO Grand Prize
2021 11
Korea Internet Communication Awards Internet Service Category Grand Prize
2020 12
Direct Web Award Non-Life Insurance Category Grand Prize
2020 11
Korea Social Media Awards Grand Prize in Non-Life Insurance Category
2019 02
Acquired nationally recognized web accessibility quality certification mark
2016 05
Selected as an excellent company in the call center sector by ‘KSQI’ by Korea Management Association Consulting
2016 04
Korea Credit Rating Insurance Payment Ability A+
2012 04
Selected as ‘2012 Excellent Company for Gender Equality’ hosted by the Ministry of Employment and Labor
2011 05
Establishment of the industry’s first sales family call center (1688-3550)
2008 12
Heungkuk Financial Family social service group ‘Heungkuk Love Sharing’ launched
2004 08
Establishment of the industry’s first special contract for family driving of minivans for personal use
2000 01
Received Dasan Financial Award (hosted by Ministry of Finance and Economy, Korea Economic Daily)
1997 12
Received as an excellent labor-management cooperation company (Ministry of Labor)
1993 12
Received the Labor-Management Cooperation Excellence Award (Presidential Citation)
1993 04
Awarded the rewarding workplace award (Presidential group commendation)
Details and outcomes of sandbox designation
| Program type | Innovation financial Service |
|---|---|
| Service name | Accessing cloud-based software services (INHR+) over the Internet from an internal business system t |
| Key details of the service |
In the past, performance appraisals and performance management were used as tools for determining compensation. |
| Service flowchart |
|
| Regulations |
Electronic Financial Supervision Regulations Article 15 Paragraph 1 No. 3 we hereby apply for designation of an innovation finance service for use of internet SaaS services in our company's business systems. |
| Main Additional Conditions |
① Compliance with security requirements in preparation for security threats - Scope of SaaS use, evaluation of SaaS providers, establishment and implementation of security measures ② Operation and management of SaaS-related security activities ③ Consumer protection and risk management measures - Preparation for accidents caused by negligence of executives and employees, compensation measures, etc. ④ Compliance with regulations under relevant laws and regulations, other than regulatory special provisions under the Electronic Financial Transactions Act |
| Date of designation (selection) | 2024.03.20 |
| Service launch date |
2024-09-01 |
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