Hanwha’s financial business is accelerating its expansion across the U.S. and Asian markets, including Vietnam, China, Indonesia, and Singapore. In May 2024, Hanwha Life finalized a partial acquisition agreement with Indonesia’s Nobu Bank, becoming South Korea’s first insurance company to enter the overseas banking sector. Prior to this, Hanwha Life and Hanwha General Insurance acquired Lippo General Insurance in March 2023, and in June of the same year, Hanwha Investment & Securities and Hanwha Asset Management jointly signed an underwriting agreement with Ciptadana Securities and Asset Management.

Hanwha’s financial affiliates are actively pursuing global expansion through the launch of Hanwha Investment & Securities’ subsidiaries in Singapore and Vietnam, as well as Hanwha Asset Management’s overseas business hubs in the U.S. and Singapore. Hanwha aims to accelerate its entry into the global market for sustainable growth, aspiring to become a global integrated financial group by providing financial services that cater to the diverse lifestyles of local customers through cutting–edge digital solutions.

The financial sector is undergoing unprecedented change due to the rapid development of digital technology. Hanwha is leading digital finance through preemptive investment and strategic use of cutting–edge technologies such as AI and big data. Hanwha Life has evolved its offerings to quickly align with these industry changes by providing diversified financial solutions, such as AI insurance screening, and innovative lifecare solutions, such as LIFEPLUS TRIBES.

Our financial affiliates are creating a digital financial value chain to enhance convenience and accessibility. We offer a wide range of digital platforms, including Carrot Behavior Based Insurance (BBI), an innovative product using AI technology, and Orange Tree and Orange Touch, platforms to support sales operations of financial planners. We are leading the digital investment ecosystem through solutions such as PINE, a customized fund investment platform, and MyData, an investment asset management service using robo–advisors.

Hanwha is redefining the financial services landscape by expanding our business beyond traditional financial services into new areas such as global alternative investment and the discovery of new growth engines. We will continue to advance asset management and provide a differentiated financial experience through our transformative finance solutions.

Hanwha Life, South Korea’s first life insurance company, continues to grow as an industry leader with total assets at over USD 89.03 billion as of 2023. Hanwha Life offers a suite of trusted lifecare solutions that harness the power of continuous digital innovation and diversified financial solutions. With our competitive products and services and strategic asset management, we aim to serve our customers as a trusted partner at every stage of their lives.

Hanwha General Insurance, a comprehensive non–life insurance company with a longstanding history, has continued its evolution over time and continues to strengthen its competitive edge in products and services that aim to enhance women’s wellness. Meanwhile, Carrot General Insurance, the first fully licensed 100% digital insurance carrier in South Korea, is driving unprecedented innovation in the insurance industry and is combining financial data and technology to further strengthen our competitiveness.

LIFEPLUS is a joint brand representing Hanwha’s financial affiliates. It works to provide a variety of experiences that enrich people’s daily lives through its digital platform LIFEPLUS TRIBES, which curates new experiences and informative content that center on the themes of the human five senses, such as art exhibitions, sports challenges, live performances, and gourmet dinners. By doing so, LIFEPLUS helps people live more prosperously through everyday experiences that enrich and uplift.

As it looks to the future, Hanwha will continue to spearhead growth in finance by nurturing next– generation global talent and supporting a healthy startup ecosystem. To this end, we operate programs for new businesses and young entrepreneurs that provide opportunities for mutual growth. Through our network of global innovation centers, both at home and abroad, we offer various programs such as startup support, global internship programs, LIFEPLUS NY, and global mentorship camps to foster future talent and build a healthy ecosystem. Moving forward, we will continue to create new growth opportunities by working with startups, innovation platforms, and entrepreneurs.