Samsung Life Insurance Company

Samsung Life Insurance Company, originally established as Dongbang Life Insurance, was founded in March 1957. The company became an affiliate of the Samsung Group in July 1963, marking a significant transition in its corporate structure and strategic direction. Headquartered in Seoul, Samsung Life focuses on providing individual life insurance and annuity products and services. Over the years, it has expanded its operations internationally, reaching a customer base of approximately 8.08 million across seven countries. As of the end of a recent reporting period, the company employed around 5,975 individuals, reflecting its substantial workforce dedicated to serving its clients. Financially, Samsung Life has demonstrated robust performance, with total sales reported at 22,717 billion won, alongside significant total assets, indicating its strong market presence and operational capacity in the life insurance sector. The company's affiliation with the Samsung Group has further enhanced its reputation and stability, allowing it to leverage the broader resources and brand recognition of one of the largest conglomerates in South Korea. This strategic alignment has positioned Samsung Life as a key player in the insurance industry, contributing to its growth and the diversification of its product offerings.