# Korean Reinsurance Company

Korean Reinsurance Company is an Insurance based in Seoul, South Korea.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Seoul, South Korea
- **Region:** Asia
- **Address:** 100 Cheonggyecheon-ro, Jung-gu, Seoul, South Korea
- **Founded:** 1963
- **Assets under management:** Undisclosed
- **Website:** koreanre.co.kr
- **LinkedIn:** https://www.linkedin.com/company/korean-reinsurance-company
- **Wikidata:** Q12620571

## Regulatory record

- **Reports private funds:** No

## About

Korean Reinsurance Company was established in 1963 by Won Hyuk-hee, built to support Korea's post-war industrialization by absorbing domestic insurance risk that international markets would not touch. The firm remains under the influence of the founding family: Won Jong-gyu serves as President and CEO, his brother Won Jong-ik is Chairman, and their mother Chang In-soon is the largest individual shareholder. The National Pension Service of Korea holds an approximately 8.45% stake, anchoring the company within Korea's institutional ecosystem. The general account portfolio is dominated by global fixed-income securities, structured to support long-duration reinsurance liabilities across property, casualty, and life lines. Korean Re has expanded its investment frontier into alternative assets, including direct real estate holdings — notably its two Seoul headquarters buildings, Signature Tower and the Korean Re Building — and a growing global alternative investment portfolio. The firm covers ceding insurers across Asia, the Middle East, and Africa, reflecting its membership in the Federation of Afro-Asian Insurers and Reinsurers (FAIR). As of 2023, Korean Re ranked among the top ten global reinsurers by gross written premiums, per S&P Global Ratings. The firm's investment team operates alongside its underwriting function, with asset allocation driven by asset-liability matching requirements rather than external investor mandates. The founding family's enduring control creates continuity in risk appetite across market cycles. Korean Re maintains a CSR Committee, channeling a portion of operating income into community initiatives without a separate philanthropic foundation structure. Korean Re's structural differentiator is its hybrid identity: a publicly listed, commercially aggressive reinsurer with founding-family governance that retains significant influence over capital allocation decisions. This configuration yields a balance of underwriting discipline and long-duration asset management uncommon in purely shareholder-driven reinsurance peers.

## Sectors

- Insurance
- Fixed Income
- Alternative Investments
- Real Estate

## Offices

- 68 Jongno 5-gil, Jongno-gu, Seoul, South Korea

## People

- Won Jong-gyu — President and CEO
- Won Jong-ik — Chairman of the Board
- Chang In-soon — Largest individual shareholder

## Questions

### What is Korean Re's investment strategy?

The firm manages a general account portfolio built around global fixed-income assets to match long-duration reinsurance liabilities. It has steadily diversified into alternative investments, including direct real estate holdings — its two Seoul headquarters properties — and a global alternative investment portfolio. Allocation is liability-driven rather than total-return-maximizing.

### How large is Korean Re in the global reinsurance market?

Korean Re consistently ranks among the top ten global reinsurance companies by gross written premiums, according to S&P Global Ratings. It is the dominant domestic reinsurer in South Korea and maintains a growing presence across Asia, the Middle East, and Africa through treaty and facultative reinsurance lines.

## Related profiles

- [Korea Overseas Infrastructure & Urban Development Corporation](https://altss.com/profile/korea-overseas-infrastructure-urban-development-corporation-kind)
- [Kovack Advisors](https://altss.com/profile/kovack-advisors-inc-kai)

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Last updated: 2026-06-03T20:00:00.000Z

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