Prudential Life Insurance Company of Korea Ltd.
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Prudential Life Insurance Company of Korea Ltd. - overview
Established
1989
Location
Seoul, -, South Korea
Primary Industry
Financial Services
About
Based in Seoul, South Korea, and founded in 1989, Prudential Life Insurance Company of Korea Ltd. is a life insurance company affiliated with the KB Financial Group. The company was first founded as the Korean subsidiary of Prudential Financial, Inc. In 2020, KB Financial Group acquired the company and the company was incorporated as an affiliate of the KB Financial Group.
Prudential Life Insurance Company of Korea Ltd. products and services include life, health, children, retirement, pension, and other insurance services. It also provides investment and asset management services. Prudential Life Insurance Company of Korea Ltd.
generates revenue from the sales and management fee of its products and services. Most of the company's revenue is generated from insurance premiums, reinsurance, interest, and profits related to its financial assets. In 2019, the company generated KRW 2. 259 trillion in company revenue.
As of August 2020, Prudential Life Insurance Company of Korea Ltd. was acquired by KB Financial Group. KB Financial Group is planning to integrate KB Life Insurance and Prudential Life Insurance Company of Korea Ltd. by 2022.
Primary Industry
Financial Services
Sub Industries
Insurance
Website
www.prudential.co.kr
Total Amount Raised
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