History

1963 -

Mar. 19, 1963 Established as a state-owned company, the Korean Non-life Reinsurance Corporation
Feb. 20, 1975 Opened Singapore Liaison Office
Mar. 02, 1978 Reorganized as a publicly owned company, Korean Reinsurance Company
Jun. 26, 1984 Built new headquarters in Susong-dong
Dec. 31, 1996 Total assets surpassed KRW 1 trillion mark
May 27, 1999 Announced the mid to long term growth plan entitled ‘ Vision 2020 ‘

2001 -

Jan. 04, 2001 Received the 10th Financial Award from M.O.F.E. and the Korea Economic Daily
Feb. 28, 2002 Operating assets surpassed KRW 1 trillion mark
May 28, 2002 Received an A- grade from A.M. Best
Jun. 27, 2002 Renamed Korean Re, with the launch of a new Corporate Identity (CI)
Oct. 12, 2002 Became the largest reinsurance company in Asia
Oct. 20, 2002 Nominated as Reinsurance Company of the Year by the Asia Insurance Review Magazine (Singapore)
Jan. 03, 2004 Received the 13th Financial Award from M.O.F.E. and the Korea Economic Daily
Jan. 27, 2005 Received the Most Admired CEO Award (from the President of the Federation of Korean Industries, 2005)
Nov. 23, 2005 Received the Most Innovative Management in Korea Award (2005)
Dec. 06, 2006 Acquired an A- rating from S&P
Dec. 31, 2006 Total assets surpassed KRW 3 trillion mark
Apr. 08, 2008 Opened Dubai Liaison Office
Apr. 28, 2008 Total assets surpassed KRW 4 trillion mark
Dec. 2009 Recognized by Reinsurance Magazine as ‘Emerging Market Player of the Year’
Nov. 2010 Ranked the 11th reinsurer in the world and No. 1 in Asia (S&P)
Received ‘Young Enterpreneur Award of the Year’ from Ernst & Young

2011 -

Jan. 01, 2011 Received the Dasan Award
Feb. 2011 Acquired an A rating from A.M. Best
Sep. 2012 Ranked the 10th reinsurer in the world and No. 1 in Asia (A.M.Best)
Mar. 19, 2013 Celebrated 50th anniversary
Jun. 17, 2013 CEO Jong-Gyu Won was inaugurated
Sep. 2013 Ranked the 9th reinsurer in the world and No. 1 in Asia (A.M.Best)
Jan. 02, 2014 Declared ‘Vision 2050’
Oct. 14, 2014 Issued subordinated capital securities worth USD 200 million
S&P rating upgraded from A- to A
Apr. 01, 2015 Established Korean Re Underwriting Ltd. at Lloyd’s in London
Feb. 24, 2017 Signed an MOU on business cooperation with IRB Brasil RE
Jul. 01, 2017 Opened Labuan Branch in Malaysia
Dec. 31, 2017 Total assets surpassed KRW 10 trillion mark
Jan. 01, 2018 Opened DIFC Branch in Dubai, the UAE