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MG Insurance
MG Insurance was established in 1947 and operated previously as Green Non-Life Insurance. The Korean Federation of Community Credit Cooperatives acquired the...
MG Insurance
MG Insurance was established in 1947 and operated previously as Green Non-Life Insurance. The Korean Federation of Community Credit Cooperatives acquired the company in 2013. The insurer maintains holdings in private equity vehicles and operating businesses. Confirmed positions include full ownership of Yebyeol Non-Life Insurance and a 95.5 percent stake in JC Project First Private Equity Fund. Geographic focus remains South Korea with exposure to financial services and related sectors. The firm employs service providers including Samjong KPMG as investment advisor since 2023 and Kim & Chang as legal counsel since 2022. It maintains membership in the General Insurance Association of Korea. No additional offices are recorded. Ownership structure involves oversight from the Korea Deposit Insurance Corporation and regulatory designation by the Financial Services Commission as an insolvent institution under restructuring.
General information
Firm type
Insurance
Year founded
1947
AUM
Undisclosed
Location
Region
Asia
Country
South Korea
City
Seoul
Corporate office
MG Non Life Insurance Building, 335, Teheran-ro Gangnam-gu, Seoul, South Korea
Sector focus
Frequently asked questions
Who owns MG Insurance?
JC Partners acts as majority shareholder through the JC Project First Private Equity Fund. The Korea Deposit Insurance Corporation holds oversight during restructuring.
What asset classes does MG Insurance deploy into?
The firm holds insurance contracts, private equity fund interests, and direct real estate. It maintains a 100 percent stake in Yebyeol Non-Life Insurance.
Does MG Insurance maintain philanthropic structures?
The MG Saemaul Geumgo Regional Hope Sharing Foundation serves as the associated philanthropic arm with focus on education in South Korea.
Which regulatory body oversees MG Insurance?
The Financial Services Commission designated the firm as an insolvent institution. Korea Deposit Insurance Corporation manages sale and restructuring.
What is the geographic scope of MG Insurance operations?
All recorded holdings and contracts are located in South Korea.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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