Corporate News

Tong Yang Life

16 Sep 2015
Anbang Insurance Group entered the Korean life insurance business by acquiring Tong Yang Life Insurance Co. Ltd.

Anbang Insurance Group entered the Korean life insurance business by acquiring Tong Yang Life Insurance Co. Ltd., the 8th largest life insurer in Korea. The deal was first announced in February 2015 and was closed on 16 September 2015.

Founded in 1989, Tong Yang Life provides an extensive scope of financial products and services that range from insurance to asset management.

The acquisition of Tong Yang Life marks the first Chinese investment in Korea’s financial industry and also the biggest investment ever from China. 

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