# Kyowon Life

Kyowon Life is a Corporate Investor based in Seoul, South Korea.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Seoul, South Korea
- **Region:** Asia
- **Address:** Seoul, South Korea
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** kyowonlife.co.kr

## Regulatory record

- **Reports private funds:** No

## About

Kyowon Life was established in 2010 as a wholly owned subsidiary of Kyowon Group, the diversified South Korean enterprise founded by Chang Pyung-soon best known for its educational publishing and consumer goods businesses. The insurance entity operates primarily as a corporate balance-sheet vehicle, holding direct interests in a growing physical asset base rather than acting as a conventional insurance underwriter. Chang retains direct oversight through the group's family office, Kyowon Invest. The firm's deployment concentrates on Korean real assets with a heavy hospitality tilt. Owned properties include The Suites Hotel chain with locations in Jeju, Namwon, Gyeongju, and Yangyang, plus the Bloom Hotel Jeju and Pet Hotel Kinock. An industrial node exists at the Kyowon Life Logistics Center in Yeoju, Gyeonggi-do. The group's real estate arm, Kyowon Property, manages these operations in conjunction with the flagship Kyowon Naewei Building in Seoul's Jung-gu district. There is no public record of LP fund commitments, and the posture suggests internally funded direct ownership structured through Kyowon Invest. The firm maintains training centers across South Korea and administers two philanthropic vehiclesan international volunteer program and a domestic youth education initiative. Chang Pyung-soon remains active as Chairman of both Kyowon Life and the parent group as of the latest available corporate filings. Kyowon Life's architecture differs from a typical insurance company because it functions as a captive asset owner for a single-family conglomerate. There is no disclosed third-party insurance business at scale. The investment process runs through a dedicated family-office channel, Kyowon Invest, with the hospitality and real estate portfolio held on a cost basis that reflects the founder's long-duration, low-leverage approach to tangible Korean assets.

## Sectors

- Real Estate
- Hospitality
- Insurance

## Offices

- Yeoju, Gyeonggi-do
- Jeju Island
- Namwon
- Gyeongju
- Yangyang

## People

- Chang Pyung-soon — Founder and Chairman

## Questions

### Who runs investment decisions at Kyowon Life?

Founder and Chairman Chang Pyung-soon maintains ultimate authority over the portfolio. The group's family office, Kyowon Invest, manages alternative investments and group assets on a day-to-day basis, while affiliate Kyowon Property handles the operational side of the real estate and hotel holdings.

### Is Kyowon Life a conventional insurance company?

No. Kyowon Life operates primarily as a corporate balance-sheet vehicle for the Kyowon Group rather than a large-scale third-party insurer. Its asset base consists of directly owned real estate and hospitality properties, which distinguishes it from Korean insurance peers that manage large policyholder-driven general accounts.

### How is Kyowon Life related to Kyowon Group?

Kyowon Life is a wholly owned subsidiary of Kyowon Group, the diversified South Korean enterprise founded by Chang Pyung-soon. The group's core businesses include educational publishing, consumer goods, and direct sales, with Kyowon Life functioning as the insurance and real-asset holding entity.

### What real assets does Kyowon Life own?

Known holdings include four The Suites Hotel properties (Jeju, Namwon, Gyeongju, Yangyang), Bloom Hotel Jeju, Pet Hotel Kinock, the Kyowon Life Logistics Center in Yeoju, the Kyowon Naewei Building in central Seoul, and multiple training centers across South Korea. Kyowon Property manages the portfolio.

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- [Kyowa Kirin](https://altss.com/profile/kyowa-kirin)
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Updated: 2026-06-03T20:00:00.000Z

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