South Korean insurers are ramping up year-end capital raising, with Heungkuk Life Insurance issuing 60 billion won in subordinated bonds, pushing 2024's total insurance capital securities to a record 8.94 trillion won amid ongoing rights offerings and efforts to strengthen capital ratios.
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Year-End Capital Raising Rush Among Insurers—Heungkuk Life Issues 60 Billion Won in Subordinated Bonds
South Korean insurers are ramping up year-end capital raising, with Heungkuk Life Insurance issuing 60 billion won in subordinated bonds, pushing 2024's total insurance capital securities to a record 8.94 trillion won amid ongoing rights offerings and efforts to strengthen capital ratios.
Kim Dae-hyun Appointed as CEO of Heungkuk Fire & Marine Insurance, Kim Hyung-pyo Named CEO of Heungkuk Life—Focus on Strengthening Competitiveness
Taekwang Group has appointed new CEOs at Heungkuk Fire & Marine Insurance and Heungkuk Life Insurance, aiming to strengthen competitiveness amid intensifying industry challenges.
[2025 Insurance③] Diverging Fortunes for Insurers Amid M&A Wave
South Korea's insurance sector is undergoing a wave of M&A, with major players expanding overseas and consolidating domestically, while failed deals lead to dissolutions and legal disputes.
IGIS Asset Management’s sale nears conclusion as Hillhouse Investment and Heungkuk Life Insurance vie for control, with the outcome set to define the company’s future—either stable growth or Asian network expansion—amid regulatory and strategic uncertainties.
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[From the Field]The Future of IGIS Asset Management—Two Diverging Paths
IGIS Asset Management’s sale nears conclusion as Hillhouse Investment and Heungkuk Life Insurance vie for control, with the outcome set to define the company’s future—either stable growth or Asian network expansion—amid regulatory and strategic uncertainties.
A dispute over the sale of Aegis Asset Management has escalated as Heungkuk Life Insurance sues, alleging unfair process, while advisors insist procedures followed the agreed process letter granting seller discretion.
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'Procedures Were Clearly Outlined'—Aegis Sale Advisors Push Back Against Heungkuk Life's Lawsuit Claims
A dispute over the sale of Aegis Asset Management has escalated as Heungkuk Life Insurance sues, alleging unfair process, while advisors insist procedures followed the agreed process letter granting seller discretion.
Heungkuk Life Insurance has filed a police complaint against Aegis Asset Management’s shareholder representative and Morgan Stanley Korea, alleging unfair bidding practices and fraudulent trading in the asset manager’s sale process.
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Heungkuk Life Takes Legal Action, Files Complaint Against Aegis Asset Management Shareholder Representative and Sale Manager
Heungkuk Life Insurance has filed a police complaint against Aegis Asset Management’s shareholder representative and Morgan Stanley Korea, alleging unfair bidding practices and fraudulent trading in the asset manager’s sale process.
Hillhouse Investment has been selected as the preferred bidder for Aegis Asset Management, South Korea's largest real estate asset manager, sparking strong objections and legal threats from Heungkuk Life Insurance over alleged unfair bidding practices.
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Hillhouse Selected as Preferred Bidder for Aegis Asset Management Acquisition—Heungkuk Life Expresses 'Strong Regret'
Hillhouse Investment has been selected as the preferred bidder for Aegis Asset Management, South Korea's largest real estate asset manager, sparking strong objections and legal threats from Heungkuk Life Insurance over alleged unfair bidding practices.
The bidding war for Aegis Asset Management, South Korea’s largest real estate asset manager, intensifies as China-based Hillhouse Investment outbids domestic insurers, raising concerns over foreign ownership and regulatory hurdles.
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[Insurance Company Tidbits]Aegis Asset Management Acquisition Battle Heats Up as Heungkuk Life and Hanwha Life Face Pressure
The bidding war for Aegis Asset Management, South Korea’s largest real estate asset manager, intensifies as China-based Hillhouse Investment outbids domestic insurers, raising concerns over foreign ownership and regulatory hurdles.
Heungkuk Life to Increase Subordinated Bond Issuance to KRW 110 Billion at 4.5% Coupon
Heungkuk Life Insurance upsizes its final subordinated bond issuance of the year to KRW 110 billion ($84.5 million) at a 4.5% coupon, aiming to strengthen its capital adequacy ratio.
South Korean insurers’ subordinated bond market is surging ahead of year-end, as institutional investors seek high-yield safe assets amid falling rates, with Mirae Asset Life, Tongyang Life, and Heungkuk Life drawing strong demand and boosting capital adequacy ratios.
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Insurers’ Subordinated Bond Market Heats Up Ahead of Year-End as Yield Appeal Drives Demand
South Korean insurers’ subordinated bond market is surging ahead of year-end, as institutional investors seek high-yield safe assets amid falling rates, with Mirae Asset Life, Tongyang Life, and Heungkuk Life drawing strong demand and boosting capital adequacy ratios.
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