History

1963 – 2025

Mar. 19, 1963 
Established as a state-owned company, the Korean Non-Life Reinsurance Corporation

Mar. 02, 1978
Reorganized as a publicly owned company, Korean Reinsurance Company

Nov. 24, 1978
Opened our Singapore Branch

June 26, 1984 
Built a new head office in Susong-dong, Seoul

Dec. 31, 1996
Total assets surpassed KRW 1 trillion

May 27, 1999
Announced a mid- to long-term growth plan called “Vision 2020”

May 28, 2002
Received an A- rating from AM Best

June 27, 2002
Rebranded as Korean Re through the launch of a new corporate identity

Dec. 06, 2006
Received an A- rating from S&P Global Ratings

Dec. 31, 2006
Total assets surpassed KRW 3 trillion

Apr. 08, 2008
Opened the Dubai Liaison Office

Apr. 28, 2008
Total assets surpassed KRW 4 trillion

Feb. 2011
Received an A rating from AM Best

Mar. 19, 2013
Celebrated the company’s 50th anniversary

June 17, 2013
Inauguration of CEO Jong-Gyu Won

Oct. 24, 2014
S&P rating upgraded from A- to A

Feb. 09, 2015
Established Korean Re Underwriting Ltd. at Lloyd’s of London

July 01, 2017
Opened the Labuan Branch in Malaysia

Dec. 29, 2017
Opened the DIFC Branch in Dubai, UAE

Dec. 31, 2017
Total assets surpassed KRW 10 trillion

June 01, 2019
Established Korean Reinsurance Switzerland AG in Zurich, Switzerland

June 28, 2019
Korean Reinsurance Switzerland AG received an A rating from S&P Global Ratings

Jan. 13, 2020
Established the Shanghai Branch in the People’s Republic of China

Feb. 27, 2020
Established the Bogotá Liaison Office in Colombia

Sep. 24, 2021
Established KoreanRe Insurance Services in New Jersey, USA

Mar. 19, 2023
Renewal of the corporate identity in celebration of the company’s 60th anniversary

Feb. 28, 2024
S&P ratings outlook upgraded to A Positive

Apr. 11, 2025
Relocation of headquarters to Signature Tower in Jung-gu, Seoul