NongHyup Life Insurance



March 2, 2012
Hong, Jae Eun
Largest shareholder
NongHyup Financial Group (100%)
KT&G Seodaemun Tower, 60, Chungjeong-ro, Seodaemun-gu, Seoul 03740 Korea



Nonghyup’s fraternal insurance business, which began with Nonghyup’s foundation in 1961 under the cooperative’s philosophy
of ‘one for all and all for one.’, has now been reborn as a general insurance company.

Based on reasonable insurance premiums and customer-centered services, Nonghyup Insurance is already a well-established
and stable insurance firm, with the 4th largest market share in Korea.

As a trustworthy partner, we help our customers live a healthy and stable life and will continue to do our utmost to fulfill our social responsibilities.

Key Milestones

1961. 08
The National Agricultural Cooperative Federation established through the merger of Agricultural Bank and Agricultural Cooperative
1961. 10
Entered the fraternal fire insurance business
1965. 08
Entered the fraternal life insurance business
1977. 01
Acquired a post office insurance business
1996. 01
Began to offer fraternal casualty insurance for farmers
2001. 03
Began to offer crop insurance
2009. 12
Reached 30trillionKRW mark in total assets and 100billionKRW mark in net income
2012. 10
First introduced the upper limit policy of lending rate as insurance company
2013. 08
Held the Proclamation Ceremony of the Financial Consumer Protection Code
2013. 08
Won the 2013 Korea Sustain ability Management Grand Prize Award
2013. 09
Awarded 2nd Life insurance for Financial Consumer Protection
2013. 10
The new insurance system development completed
2014. 02
Won the Korea Finance Industry Grand Prize Award
2014. 03
Won 2nd Happy Sharing Social Contribution Grand Prize Award
2014. 04
Selected as No. 1 on the Customer Impression Brand Index
2014. 05
Awarded Financial Supervisory Service's highest award for customer satisfaction management
2014. 06
Acquired CCM(ConsumerCenteredManagement) certification
2014. 09
Reached the 50 trillion won mark in insurance assets
2015. 04
Awarded Financial Supervisory Service's highest award for customer satisfaction management for second consecutive year
2015. 05
Established Mobile SFA(SalesForceAutomation) System
2015. 07
100th medical aid for the welfare of farmers
2015. 11
Obtained Excellent Service Quality in Korea
2016. 04
Awarded 2016 Mobile Korea Award
2016. 05
Acquired the certification of "2016 KSQI Best call-center"