About Tongyang Life Insurance
Tongyang Life Insurance is a company based in Seoul (South Korea) founded in 1989 was acquired by Woori Financial Group in August 2024.. The company has 937 employees as of December 31, 2024.
- Headquarter Seoul, South Korea
- Employees 937 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Tongyang Life Insurance Co., Ltd.
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Annual Revenue
$1.61 B (USD)-0.2as on Dec 31, 2024
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Net Profit
$213.11 M (USD)31.05as on Dec 31, 2024
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
937
as on Dec 31, 2024
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Acquired by
Woori Financial Group
(Aug 28, 2024)
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IPO & Listings of Tongyang Life Insurance
Tongyang Life Insurance is a publicly listed company on the KRX with ticker symbol 082640 in South Korea, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of Tongyang Life Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tongyang Life Insurance
Tongyang Life Insurance has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Woori Financial Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified lending services are provided as a non-banking financial institution.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tongyang Life Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tongyang Life Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tongyang Life Insurance Comparisons
Competitors of Tongyang Life Insurance
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tongyang Life Insurance
Frequently Asked Questions about Tongyang Life Insurance
When was Tongyang Life Insurance founded?
Tongyang Life Insurance was founded in 1989.
Where is Tongyang Life Insurance located?
Tongyang Life Insurance is headquartered in Seoul, South Korea.
Who is the current CEO of Tongyang Life Insurance?
Luo Shengung is the current CEO of Tongyang Life Insurance.
How many employees does Tongyang Life Insurance have?
As of Dec 31, 2024, the latest employee count at Tongyang Life Insurance is 937.
What is the annual revenue of Tongyang Life Insurance?
Annual revenue of Tongyang Life Insurance is $1.61B as on Dec 31, 2024.
What does Tongyang Life Insurance do?
Tongyang Life Insurance was founded in 1989 and operates within the life insurance sector. Business activities are divided into segments such as savings and pension, guarantee, variable insurance, and retirement pension. Operations are based in Seoul, South Korea. In 2017, total assets were recorded at 26.9 billion, with a net profit of 0.16 billion. Services focus on providing insurance coverage and pension solutions to clients.
Is Tongyang Life Insurance publicly traded?
Yes, Tongyang Life Insurance is publicly traded on KRX under the ticker symbol 082640.
Who are Tongyang Life Insurance's investors?
Tongyang Life Insurance has 1 investor. Key investors include Woori Financial Group.
What is Tongyang Life Insurance's ticker symbol?
The ticker symbol of Tongyang Life Insurance is 082640 on KRX.