Hanwha Life Co., Ltd. Overview Hanwha Life Co., Ltd., part of the Hanwha Group, is a prominent life insurance company based in South Korea. It was founded on September 9, 1946, as Korea Life Insurance and later renamed Hanwha Life Insurance in October 2012[3]. The company offers a wide range of life insurance products, including whole life, critical illness, disability, and annuity insurance, catering to both individual and corporate customers[5]. Hanwha Life operates through various channels, including individual agents, bancassurance, and online platforms[3]. Key Developments and Initiatives - AI and Innovation: Hanwha Life has been actively involved in leveraging AI technology through the establishment of the Hanwha AI Center in San Francisco and the Hanwha Life AI Research Institute. These initiatives aim to enhance financial services and develop next-generation financial products[2]. - Global Expansion: The company has subsidiaries and representative offices in countries like Vietnam and Indonesia, reflecting its international presence[5]. - Recent Acquisitions: In 2024, Hanwha Life announced plans to acquire stakes in financial services firms, such as Velocity Clearing and Nobu Bank[5]. Financial Status As of the end of 2023, Hanwha Life reported total assets exceeding 100 trillion won, solidifying its position as a leading life insurance company in South Korea[3]. The company is committed to innovation and customer-centric services, contributing significantly to the country's economic growth[2].