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Kyobo Life pursues founding philosophy of promotion of national education and formation of domestic capital

Kyobo Life was established in 1958 based on the founding philosophy of "promotion of national education and formation of domestic capital." For the past 5 decades, it has been fully committed to honest and sincere management in pursuit of mutual prosperity with all stakeholders including customers, financial planners, employees, investors, local communities and government.
Based on its customer-oriented and ethical management paradigm, Kyobo Life professionally meets customers' needs for life insurance including whole life, annuity, education, health/disability, retirement and variable insurance by developing valuable products and services.
Because of its commitment to excellence, Kyobo Life became the first financial company to receive the grand prize for Customer Satisfaction Management for five consecutive years thereby making it to the "Hall of Fame", and was named one of the
"30 Most Respectable Korean Firms".
In FY2010 (from April 2010 to March 2011), Kyobo Life recorded net profit of KRW 638.9 billion, record high for two consecutive years. This is another laudable achievement that comes on the heels of posting the industry's biggest net profit in FY 2008 despite the unfavorable economic conditions both at home and abroad.
Its solvency margin ratio reached 225%, with equity capital pegged at KRW 4.6 trillion as of March 2011.
Kyobo Life also recorded KRW 58 trillion in total assets and KRW 11 trillion in premium income.
Kyobo Life earned a very positive credit rating of "A2" (stable) for the third consecutive year in 2010 ― the only one in the industry ― from Moody's, an international credit rating agency this mirrors the financial stability of Kyobo Life, which is steadily establishing a solid reputation worldwide. Furthermore NICE Investors Service Co., Ltd., gave Kyobo Life a rating of "AAA" ― the highest grade ― in the insurance financial strength ratings for the third consecutive year.
In November 2009, Kyobo Life had the honor of winning the "2009 Life Insurance Company of the Year" award at the 10th International Reinsurance Conference held in Singapore.
It bespeaks of the global recognition of the strengths of Kyobo Life, the premier life insurance company that posted the industry's biggest net profit in FY 2008 and proved its ability in preemptive risk management and efficient asset management based on change and innovation that it has pursued for the last decade despite the unprecedented global financial crisis.
Kyobo Life is committed to pursuing change and innovation in fulfillment of its vision of "the most preferred life insurance company in the domestic market" to become a 100-year old company that commands respect and love among all stakeholders.
Kyobo Life will continue focusing on the innovation of customers' value and build a beautiful world where all people can pursue their precious dreams.
With the systematic CRM system, Kyobo Life provides a wide variety of new products (protection,annuity, savings) and services tailored to satisfy the needs of 5 million customers.
Financial consulting services provided by professional FPs help individual customers with the best financial planning over their lifespan. GFPs, TMRs, and FAs ensure that customers can better understand and purchase products.
There is growing interest of society and businesses in corporate welfare including corporate pension plan, private health insurance, optional corporate welfare system (Cafeteria Plan).
Kyobo Life provides corporate welfare consulting services to contribute to the progress and development of its corporate customers, and safeguard the happiness of their employees and families. Kyobo Life aims to be the best professional consultant and driving force behind the progress of individuals as well as companies. nw

A view of Kyobo Life Building in Gwanghwamun in downtown Seoul.

Chairman Shin Chang-jae of Kyobo Life Insurance Co.

Photo on Courtesy of Kyobo Life Insurance