Korea Life Turns Crisis Into Opportunity

By Yoon Ja-young

Staff Reporter

This was a tough year for life insurance companies ― some global insurance giants faltered amid the financial crisis.

Korea Life Insurance, however, has been faring well. Some expected a contraction, but its earnings for the first half of this year marked 162.1 billion won, nearly doubling from a year ago. Its total assets breached 55 trillion won, and insurance premium income surpassed 5 trillion won. Everything turned out better than expected.

Success in Vietnamese Market

Few businesses look to overseas markets in times of global crisis. Korea Life