DB Insurance Co, Ltd. (), formerly Hankook Automobile Insurance (), is a South Korean
insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
company.
It is headquartered in
Seoul
Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 of ...
and was established in 1963.
The fire insurance group division of the company controls a large portion of the South Korean
calling card market under the insurance brand name Promy.
History
Founded on January 24, 1969, by Junki Kim, the founding chairman.
DB INSURANCE, which was launched as Korea's first public auto insurance company in 1962, became a member of DB Group in 1983 and changed its name to DB Insurance Co., Ltd in October 1995.
On November 1, 2017, the company changed its name to DB INSURANCE Co., Ltd. in order to become a global insurance finance company.
See also
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Economy of South Korea
The economy of South Korea is a highly developed mixed economy. By nominal GDP, it has the 5th largest economy in Asia and the 13th largest in the world. South Korea is notable for its rapid economic development from an underdeveloped natio ...
*
Dongbu Group
DB Group, formerly Dongbu Group, is a large South Korean ''chaebol'' (conglomerate), producing industry, chemical, insurance and financial products. It was established in January 1969 by Junki Kim as Miryung Construction Company, Ltd.
Subsidiari ...
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Wonju DB Promy
The Wonju DB Promy is a professional basketball club in the Korean Basketball League (KBL), located in the city of Wonju. From its founding in 1996, the team has always been based in its home province of Gangwon. It has the rare distinction of ...
References
Insurance companies of South Korea
Companies based in Seoul
Financial services companies established in 1963
South Korean brands
DB Group
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