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Home > Company Index > Insurance > Life Insurance > Samsung Life Insurance Co., Ltd.

Samsung Life Insurance Co., Ltd.
 PROFILE
Samsung Life Insurance, South Korea's largest insurance company (about one-third of the market) and part of the Samsung "chaebol", operates through three segments: insurance, real estate management, and research and marketing. The company, founded in 1957, offers both individual and group life insurance through about 2,000 branch offices and about 70,000 agents. Almost 10% of the company's assets are invested in rental property. It also makes loans to preferred policyholders. Subsidiary Samsung Life Investment Trust Management offers asset management services. Plans to go public in 2000 were halted by the Korean government due to financial troubles within the Samsung Group.

 COMPETITION
Kyobo Life Insurance Co., Ltd. (dossier)
Meiji Life Insurance Company (dossier)
Sumitomo Life Insurance Company (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 18,613.00
1-Yr. Sales Growth: 12.5%
Employees: 8,282
Revenue per employee: $2,247,404.01

 KEY PEOPLE
• Soo Bin Lee
    CEO

 CONTACT INFO
Samsung Life Insurance Bldg. 150
Seoul 100-716, South Korea
Phone: 82-1588-3114
Fax: 82-2-751-8021
Online: Web Site

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