Last 106,000 KRW
Change Today +1,000 / 0.95%
Volume 261.3K
032830 On Other Exchanges
Korea SE
As of 2:21 AM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

samsung life insurance co lt (032830) Snapshot

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08/21/13 - 108,500
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samsung life insurance co lt (032830) Details

Samsung Life Insurance Co., Ltd. is engaged in the life insurance business in Korea. It offers pension policies, private health insurance, corporate welfare policies, and other products; retirement pension products; loan products, including mortgage and credit loans to companies and families; and funds and trust management products. The company is also involved in real estate leasing business. It operates seven representative offices and three investment firms in the United States, the United Kingdom, China, Japan, India, and Vietnam. The company was formerly known as Dongbang Life Insurance. Samsung Life Insurance Co., Ltd. was founded in 1957 and is based in Seoul, South Korea.

Founded in 1957

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samsung life insurance co lt (032830) Key Developments

Samsung Life Set To Buy 26% In ING Insurance

Exide Industries Limited (BSE:500086) is in advanced stages of negotiations to sell 26% of its stake in ING Vysya Life Insurance Company Private Limited (ING Life) to Samsung Life Insurance Co., Ltd. (KOSE:A032830). Sources close to the development said Exide had been scouting for a potential buyer for quite some time, adding Samsung Life was one of the companies with which its talks had progressed. The deal was likely to be announced as early as next week, the sources indicated. "We are not in a position to comment on this," said an Exide spokesperson. ING Vysya Life Insurance, too, declined comment. Samsung Life could not be reached for comment; a mail sent to its parent company did not elicit any response till the time of going to press. Exide officials refused to comment on whether the deal with Samsung Life was sealed and whether the name of the new partner would be accommodated in the new brand. Sources said though other global players were in talks for the stake sale, Samsung Life had been shortlisted as the potential buyer. A senior official of a Mumbai-based brokerage said the exits of ING and other partners had put the entire responsibility of running the business on Exide. They added, therefore, it made sense to bring in a partner such as Samsung Life, which could use its experience in the global insurance segment in India.

Samsung Life Insurance Co., Ltd., Q1 2014 Earnings Call, May 14, 2014

Samsung Life Insurance Co., Ltd., Q1 2014 Earnings Call, May 14, 2014

Aviva Life Got Interests From Bidders

HDFC Standard Life Insurance Co., Ltd. and Birla Sun Life Insurance Company Limited are among the six insurance companies which have expressed interest in acquiring stake in Aviva Life Insurance Company India Pvt. Ltd. a joint venture between Aviva plc (LSE:AV.) and Dabur India Ltd. (BSE:500096). The Burmans of the Dabur family, too, will sell their holding. "We have received bids from six companies, both existing and new," said Mohit Burman, Chairman of Aviva Life. "If the valuation is right, we may look at exiting from the business, too." Two people familiar with the development said Samsung Life Insurance Co., Ltd. (KOSE:A032830) and Manulife Holdings Berhad (KLSE:MANULFE) are the other bidders for the business. Aviva has appointed JP Morgan and Deutsche Bank to sell its stake in Aviv Life which could be valued at around INR 50 billion, Burman said. However, Indian insurance companies are interested in buying the entire business, and not just Aviva's 26%. HDFC Life, responding to Economic Times telling that it doesn't comment on market rumours or media speculation, and it doesn't intend to comment on such matters unless some kind of disclosure is warranted.


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Hanwha Life Insurance Co Ltd 6,940 KRW +80.00
Prudential PLC 1,357 GBp -11.00
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