# MG Insurance

MG Insurance is an Insurance based in Seoul, South Korea.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Seoul, South Korea
- **Region:** Asia
- **Address:** MG Non Life Insurance Building, 335, Teheran-ro Gangnam-gu, Seoul, South Korea
- **Founded:** 1947
- **Assets under management:** Undisclosed
- **Website:** direct.mggeneralins.com
- **LinkedIn:** linkedin.com/company/m-g-insurance-inc

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Insurance

## 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.

### What is the geographic scope of MG Insurance operations?

All recorded holdings and contracts are located in South Korea.

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

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