Cannabaceae

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Hyundai Marine & Fire Insurance Co., Ltd.
Native name
현대해상화재보험 주식회사
Company typePublic
KRX: 001450
IndustryInsurance
Founded1955; 69 years ago (1955)
Headquarters
Seoul
,
South Korea
Websitewww.hi.co.kr

Hyundai Marine & Fire Insurance Co., Ltd. (Korean: 현대해상화재보험 주식회사; Hanja: 現代海上火災保險 株式會社; RR: Hyeondae Haesang Hwajae Boheom Jusik Hoesa) is an insurance company headquartered in Seoul, South Korea. It is one of the largest non-life insurers in South Korea alongside Samsung Fire & Marine, DB Insurance, and KB Insurance.[1]

History

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Hyundai Marine & Fire Insurance was established as Dongbang Marine Insurance in 1955. Hyundai Group acquired Dongbang in 1983 and changed its name to Hyundai Marine & Fire Insurance in 1985.[2] However, due to Hyundai's break up caused by a feud between the group founder Chung Ju-yung's sons, Hyundai Insurance was split from the original Group in 1999. Chung Mong-yoon, the founder's seventh son, took control of the company.[3][4]

Operations

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Hyundai Insurance is one of the four domestic insurers that dominates the South Korean non-insurance market.[5] In the global market, Hyundai acquired a 25% interest in Vietinbank Insurance in 2018.[6] The company also formed a joint venture with DiDi Chuxing and Legend Holdings for China market in 2020.[7]

See also

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References

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  1. ^ "S. Korean non-life insurers' combined net profit falls 39.5 pct in 2019". Yonhap. Seoul. February 16, 2020.
  2. ^ Steers, Richard (1999). Made in Korea: Chung Ju Yung and the Rise of Hyundai. Psychology Press. p. 240. ISBN 978-0415920506.
  3. ^ Kwaak, Jeyup S. (February 5, 2014). "New 'Social Ills' Insurance to Cover Bullying, Abuse, Rape, Food Poisoning". Wall Street Journal. Seoul.
  4. ^ Seo, Jee-yeon (November 24, 2015). "Hyundai founder's grandsons coming to fore". The Korea Herald.
  5. ^ Coutaz, Gregory (December 4, 2018). Coping with Disaster Risk Management in Northeast Asia: Economic and Financial Preparedness in China, Taiwan, Japan and South Korea. Emerald Group Publishing. p. 120. ISBN 978-1-78743-094-5.
  6. ^ Lim, James (November 27, 2018). "Hyundai Marine & Fire Insurance to buy 25% stake in VietinBank Insurance". S&P Global.
  7. ^ Dai, Sarah (March 11, 2020). "Didi Chuxing's diversification gains momentum as it buys large stake in Hyundai Insurance China". South China Morning Post. Beijing.
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source: Https://en.wikipedia.org/wiki/Hyundai_Marine_%26_Fire_Insurance

One thought on “Cannabaceae”

  1. Well, that’s interesting to know that Psilotum nudum are known as whisk ferns. Psilotum nudum is the commoner species of the two. While the P. flaccidum is a rare species and is found in the tropical islands. Both the species are usually epiphytic in habit and grow upon tree ferns. These species may also be terrestrial and grow in humus or in the crevices of the rocks.
    View the detailed Guide of Psilotum nudum: Detailed Study Of Psilotum Nudum (Whisk Fern), Classification, Anatomy, Reproduction

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