Agricultural - signed Hibiscus trusts, mortgage trusts MOU

Signed a "business agreement for Agriculture and Livestock mortgage trusts activate" [Korea Financial News Lee, Dong - Kyu News] National Agricultural Cooperative Federation (Chairman gimbyeongwon) and (Note) Hibiscus Trust (Chairman Using only) in the past 28 days, Jung-gu, Seoul NACF fuse Meeting and it has pledged to cooperate for Agriculture and Livestock urban and rural mutual financial costs and said one day.

Business signing ceremony was held among the two organizations more than 60 employees, including Lee Dae-hoon Agricultural Mutual Credit CEO and (fourth in the picture left) Co., Mugunghwa Trust Oh Chang-seok Vice attended, and the Lee Dae-hoon representatives and Choi, Byoung - Gil Rose of Sharon Trust CEO signed the agreement .

This earn a portion of the NACF is actively pursuing Hibiscus Trust Trust bosuryo education and publicity for Agriculture and Livestock mortgage trusts activated via the MOU as rural loved funds to to support agriculture and rural development and urban-rural cooperation movement did.

Lee Dae-hoon CEO "The current mortgage is saving efforts costs are greater leverage collateral trust enabled spent on debt maintenance is needed," he said. "Through this MOU costs as well as funds credited geodum savings as' farmers expects to achieve 50 million won income 'to be able to contribute with both companies, "he said.

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Korean Re reinsurance, Latin American markets in earnest ... IRB and signed MOU

[Korea gimmingyeong financial newspaper reporter] Korean Re reinsurance had signed an IRB Brasil Re (hereinafter IRB) and the Memorandum of Understanding (MOU) to strengthen the larger Latin American market growth potential.

Korean Re wonjonggyu president met with 24 days last month's IRB Please follow in the IRB headquarters in Rio de Janeiro, Brazil Godoy (Tarcisio Godoy) president Jose Carlos Cartier and even cattle (Jose Carlos Cardoso) Business Chief Executive Officer signed the MOU.

In the wake of this MOU with Korean Re it is planning to strengthen cooperation in trade, including activating and future IRB side, and further sets out to expand enter Latin American markets.

Through the MOU the two companies were to cooperate closely in Brazil and Argentina quantity argument, and the Southern Common chujinkiro bright future, including life insurance, property insurance. Also actively negotiated key exchange market information through a mutual personnel exchanges between underwriter.

Founded in 1939, the IRB is recorded about 50% market share in Brazil and the Brazilian reinsurance captive in one place, it occupies an important position in the Latin American market. Premium income amounts to about $ 1.1 billion (based on 2015 premium income).

Latin America is a place to receive insurance penetration is relatively low rating, while a large range of insurance market growth potential of the Company in accordance with the economic development.

Wonjonggyu president explained, "The MOU signing is that overcomes the limitations of domestic growth, and right off close to both companies aim to expand overseas," and said, "We will maximize synergies through future reinsurance mutual trade".

In particular, he said wonjonggyu president of the significance of the MOU signed "Above all, greater harvest in that it secured the foundation of acquisitions and local co-major partner in the Latin American market."

Korean Re has a bar which has accelerated the 'Vision 2050' overseas expansion after the announcement containing the map of the future company growth in 2014. Accordingly, after having succeeded in the past three years, entering Lloyd's of London, and actively try to install in Shanghai, China, Labuan, Dubai Branch.

Korean Re reinsurance has been trying to expand in Latin America is entering a large market potential for growth. It currently acquired the reinsurance contract size of about $ 80 million in Latin American markets, expanding trade and steadily built up the IRB, and was able to achieve this MOU with a trust relationship.

Korean Re's reinsurance plans to naemyeo more speed overseas expansion of the MOU and the opportunity to realize the IRB side 'Vision 2050'.



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