Kyobo Life Insurance Chairman Shin Chang-jae warned that only customer-centric companies will survive, citing intense competition and regulatory pressures in South Korea's insurance sector, and called for accelerated digital transformation and ethical sales practices.
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IMM PE - 'Court Recognizes Shin Chang-jae's Put Option Obligation, Swift Execution Expected'
IMM Private Equity asserts court ruling on ICC penalty doesn't affect Kyobo Life chairman's put option obligation, anticipating swift execution of the procedure.
Yonhap InfomaxKyobo Life's Chairman Shin Chang-jae nears resolution in 7-year dispute with Affinity consortium over put option, as IMM PE and EQT negotiations loom, potentially ending the long-standing financial conflict.
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Kyobo Life Chairman Shin Chang-jae Resolves Put Option Dispute with Affinity, GIC
Kyobo Life Chairman Shin Chang-jae resolves long-standing put option dispute with Affinity Equity Partners and GIC, as investors agree to sell stakes at 234,000 won per share, below 2012 investment price.
Yonhap Infomax