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In 2015, KB acquired LIG Insurance, South Korea's fourth-largest non-life insurance company with assets totaling 24 trillion won, from LIG Group and changed its name to KB Insurance. [5] [6] KB also took over Hyundai Securities from Hyundai Group after beating Korea Investment and Hong Kong–based private equity firm Actis in 2016. [7]
Meritz Financial Group Inc. (Korean: 주식회사 메리츠금융지주) is a financial holding company headquartered in Seoul, South Korea. Meritz Financial, with its major subsidiaries including Meritz Fire & Marine Insurance and Meritz Securities, is one of the major financial groups in South Korea.
NH Investment & Securities Co., Ltd. (NH I&S; Korean: 엔에이치투자증권 주식회사; RR: En Eichi Tuja Jeunggwon Jusik Hoesa) is one of the largest securities firms in Korea, offering a broad range of financial services, encompassing wealth management, investment banking, brokerage and merchant banking through 121 domestic branches and overseas subsidiaries.
Ankuk Fire & Marine Insurance Co., Ltd. was founded in June 1956 by large shareholders of Josun Life Insurance, the first insurer in Korea. Considering adverse conditions of insurance business back then, Ankuk Fire & Marine Insurance appointed media mogul Jang Gi-young, who was the owner of the Hankuk Ilbo Daily and served as the Deputy Governor of the Bank of Korea.
Shinhan Financial Group Co., Ltd. (Korean: 주식회사 신한금융지주회사; RR: Jusik Hoesa Sinhan Geumyung Jiju Hoesa) is a financial holding company headquartered in Seoul, South Korea. [1] Its subsidiaries provide a full range of financial services, including banking , securities , life insurance , and investment banking .
Hanwha Life Insurance's main products include Whole Life Insurance and Critical Illness Insurance, savings-type insurance, including Annuity, and others. Additionally, Hanwha Life Insurance serves individual asset management through trust commodities, retirement pensions, accident and health insurance, and group insurance to companie.
BNK Financial Group was established as BS Financial Group in 2011. Busan Bank, a regional lender, was integrated with its affiliates, including BS Securities, BS Capital and BS Credit Information under the new financial holding company. [2] In 2014, BS Financial Group acquired Kyongnam Bank from Woori Financial. [3]
Woori Financial Group (Korean: 우리금융지주) is a Seoul-based banking and financial services holdings company and is the largest bank in South Korea.Woori has had a short history as a financial institution.