Tongyang Life Insurance Archives

Korea’s Financial Market Shows Mixed Reactions to Influx of Chinese Capital

SEOUL, June 11 (Korea Bizwire) – With financial regulators’ nod to the Chinese Anbang Insurance Group’ acquisition of Tongyang Life Insurance, Korean financial firms now have to compete with a Chinese player on their home turf. On June 10, the Financial Services Commission (FSC) announced that it had granted approval to Anbang Insurance for the acquisition [...]

Tongyang Life Insurance Edges Back into Black

SEOUL, May 13 (Korea Bizwire) – Tongyang Life Insurance succeeded in “turnaround” with 44.1 billion won of net profit during the first quarter. On May 13, Tongyang Life announced its first-quarter financial results, recording 1,389 billion won of sales and making 53.2 billion won of operating profit and 44.1 billion won of net profit, thanks [...]