|Jul 24, 2017|
|Jul 24, 2017|
Currency in KRW
|Full time employees:||--|
Samsung Life Insurance Co., Ltd. engages in the life insurance and financial services business. The Company operates its businesses through following divisions: insurance, loan, corporate pension, fund and trust. It conducts its business within domestic market and to overseas market. The company was founded on April 4, 1957 and is headquartered in Seoul, South Korea.
Samsung Life Insurance is South Korea's largest life insurer. It was founded as Dongbang Life in 1957 and merged with the Samsung group in 1963. The company holds a prominent position in the capital structure of Samsung group. Samsung C&T, the de facto holding company of Samsung Life Insurance, is the insurer's largest shareholder. Samsung Life Insurance is the largest shareholder in Samsung Electronics, the core company of the Samsung group.
The group is expected to promote the realignment of affiliated companies to streamline the complicated capital ties within the group and strengthen the founding family's control.
Many market participants are closely watching how the makeup of Samsung Life Insurance's shareholders and investments will change.
It is likely that Samsung Life Insurance will be forced to review its investment in Samsung Electronics.
South Korea's principle of separating industrial and financial capital restricts investments in the manufacturing industry by the finance industry.
Samsung Life Insurance's holding of Samsung Electronics' stocks currently falls within the allowable range. But discussions often arise about whether shareholding limits should be lowered further.
The slow growth of South Korea's economy is spurring a decline in interest rates. Domestic assets account for more than 90% of Samsung Life Insurance's asset management as of 2015. By category, bonds account for roughly 60%. The company is significantly affected by domestic interest rates and prone to negative yields.
In the news
July 12, 2017 8:13 pm JST
July 12, 2017 8:12 pm JST
Private equity fund turns to public market after talks with Chinese parties fail
April 11, 2017 6:57 pm JST
Although the South Korean conglomerate looks safe for now, long-term risks loom
February 23, 2017 10:00 am JST
Group presidents, strategy office to handle decision-making for now
February 21, 2017 5:45 am JST
Conglomerate in crisis with Lee Jae-yong out of the picture
February 17, 2017 5:00 pm JST
Bribery scandal turns up the pressure for group to clean up its act
February 16, 2017 12:00 pm JST
- Local currency
- US Dollar
|Income before tax||2,240.62B|
|Dividends per share||1,200|
|Operating cash flow||4,757.09B|
Currency in KRW
|Income before tax||1,931.25M|
|Dividends per share||1.03|
|Operating cash flow||4,100.27M|
Currency in USD
- President, Chief Executive Officer & Director: Chang-Soo Kim
- Managing Director & Head-Finance: Kyung-Bok Lee
- Chief Compliance Officer: Woo-Jung Suh
- Vice President: Shin-Hyung Choi
- Vice President & Head-Management Support: Young-Bin Lim
- LEE KUN HEE(20.7%)
- Samsung C&T Corp.(19.3%)
- Samsung Life Insurance Co., Ltd.(10.2%)
- E-Mart, Inc.(5.8%)
- National Pension Service of Korea(5.0%)
- Samsung Foundation of Culture(4.6%)
- Shinsegae Co., Ltd.(2.1%)
- Samsung Life Public Welfare Foundation(2.1%)
- CJ CheilJedang Corp.(1.4%)
- Comgest S.A.(1.3%)
- Website: http://www.samsunglife.com
- Address: 11 Seocho-daero 74-gil, Seocho-gu, Seoul, 06620, South Korea
- Phone: +82.2.751.8157
Copyright © 2017 FactSet Research Systems Inc. All rights reserved.