NongHyup Property & Casualty Insurance



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


Oh, Byoung Kwan

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 the 30 trillion won mark in insurance assets and 100 billion won mark in net income
2012. 03
NH Casualty Insurance launched
2013. 01
NHC(Nonghyup Hybrid Consultant) branch opened

Storm and flood insurance released
2013. 03
TM center opened
2013. 04
Held 2012 Awards ceremony
2013. 08
Acquired Estimation of the Payment Ability of Insurance AA-(Stable) grade (NICE Information Service Co., Ltd.)

Won 2013 Korea Sustainability Management Grand Prize Award. (The Minister of Health and Welfare Award)
2013. 09
Won 2013 Korea Best Public Service Grand Prize
2014. 03
Opened new insurance system
2014. 04
Awarded Financial Supervisory Service's highest award for customer satisfaction management
2014. 04
Awarded Financial Supervisory Service's highest award for customer satisfaction management for second consecutive year
2014. 05
Acquired the certification of '2015 KSQI "Korea's best call-center"