Seoul Financial Hub is pleased to announce the release of 'Seoul Finance Snapshot #5,' delivering the latest financial news from Seoul. We kindly ask for your attention to this publication, where financial information about the city is provided.

In this issue, we introduce leading companies in the life and general insurance sectors based on their distribution in Seoul, total assets, and net profits.

○ Life insurance companies are institutions that handle insurance products created to protect against economic losses caused by accidents related to human life or health. Currently, there are 14 domestic life insurance companies in South Korea, with 93% of them located in Seoul. All 8 foreign life insurance companies are also based in Seoul. The leading domestic life insurance company based on total assets and net profit was found to be Samsung Life Insurance Company.

○ General insurance companies are institutions that sell insurance policies which promise to pay a sum of money in case of property damage caused by fire, theft, accidents, or negligence. Presently, there are 15 domestic general insurance companies in South Korea, with 93.3% located in Seoul. All 17 foreign general insurance companies are based in Seoul as well. The leading domestic general insurance company based on total assets and net profit was found to be Samsung Fire & Marine Insurance.

Detailed information can be found in the infographic,

and by clicking on the map, you can directly check the location status of each financial company in Seoul on Google Maps.