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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Vice gimnamgu "aging society TDF, differentiated for Korean response"

Release the [financial newspaper goyounghun Korea News] Korea Investment Trust Management de target date funds (TDF) and Chu Shi Biao threw a retirement asset market. Samsung Asset Management in April last year the United States released with TDF Capital Group AUM has exceeded 70 billion won in about 10 months. For hubalju design Korea Investment Trust Management is assigned the Korean qualifier on TDF increase the equity weighting kkoehanda a differentiation strategy.

Gimnamgu Korea Investment Holdings Vice "Aging is not easy to prepare the individual to the social problems," he "was preparing to launch a long-TDF in Retiro Price (T.RowePrice) and Korea Investment Trust Management for this purpose," he said .

Gimnamgu Vice President at Seoul Plaza Hotel 27 days held by the greeting from the Korea Investment TDF care fund series launch seminar "changed to Please Look well ahead to point out insufficient" and "Korean is working to take care of jalhaejuneun TDF be befitting to name It will "he said.

Korea Investment Trust Management has 27 days and released seven TDF tee Price and Kim, vice president of product Up to 1 arc revealed this product and affection. Tyre Price is one of the top three managers TDF markets.

Following a representative Peter Austin tee Price is "TDF made in the US market, other than in the last year of the end of Asset Management and $ 189 billion US This is the first time," said "established an important strategy throughout the Korea Investment Trust Management and months has it effectively optimize could be achieved, "he said.

Jerome Clark tee price management manager "Tyre Price is active, there are analysts at more than 250 around the world as a specialized organization to operate" and "primary goods to market in 2002 particularly high utilization of fewer workers age," he said.

He explained that "it is expected that future life expectancy is 90 years old and gantry design is also important, adding qualitative information as well as information Quantitative Management at Management Committee".

Following adding that important strategic asset allocation bonds for equity weighting is determined by discussions with Korea Investment Banking side, and reviewed a number of different specific gravity, but large differences with the US market will not. "

To this end, check the focus of investment risk ratio path (Glide Path) consider the market risk, inflation risk, longevity risk, including a commitment carefully position distribution. Raise the income replacement rate for profitability, and plans to domestic investment and foreign investment is directed to the Global Fund possible. The TDF product is invested in stocks and bonds in Korea.

Ryubeomjun Investment Solutions Headquarters Division emphasized that "to reflect its investment preferences of investors phenomenon Korea to incorporate the Korea Asset nagagetda Korean TDF create a true".



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Huh Chang-soo, president of the Federation of Korean Industries jingirok four consecutive reappointment

[Korea's financial standing hyomun newspaper reporter] Huh Chang-soo President of the Federation of Korean Industries (FKI below), turn over the existing entry, go after the next head straight. 2011 The last elected president of the Federation of Korean Industries Chairman Huh was 8 years performed by this elected president.

The FKI said that the Presidency has 24 days to 36 km FKI chairman Huh Chang-soo bolting the current president.

Presidency announced that the Presidency and the honor to have won several times discussed, such as financial chairman for bolting the president-elect. The course aware of the many wonderful minutes only gyesiji FKI situation than any other minute, opinions were collected as chairman Huh Chang-soo minutes to rectify the situation best, chairman Huh Chang-soo said hayeotdago accepted at the end of struggle.

Huh said: "The FKI knock apologize, once again gave the worry and inconvenience to members simryeo you and the people in many ways," said in his inaugural address said: "I will be reborn as a completely new institution to hwangoltaltae the future."

To this end, he suggested ▲ ▲ canon adhesion eradicate daehyeoksin three directions, including strengthening the Federation of Korean Industries Transparency ▲ Enhanced think tank. Huh president said, "We will disclose in more detail all the activities of the Federation of Korean Industries such as business, accounting for transparency, strengthen," "future combat decisively to the influence of external and Economics will provide a system for adhesion to prevent recurrence," said .

Followed by "I will strengthen the think tank function, to propose a variety of measures for the development of our economy," he emphasized it.

FKI official said, "The diverse and objective perspective is needed to promote the FKI innovation" and "innovation configure the Commission as soon as possible will make inside concrete innovation".

FKI Innovation Council chaired by the Chairman Huh Chang-soo, bakyoungju it was known to be composed of industrial facilities, gimyun external personnel 3 with internal personnel, including three prestigious causal Samyang Holdings Chairman, President yiungyeol Cologne.

On the other hand, the day the Assembly elected gwontaesin Korea Economic Research Institute as a full-time vice president of the Federation of Korean Industries.





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[Photo News] again bolting the President of the Federation of Korean Industries Chairman Huh Chang-soo

[Korea financial newspaper stand hyomun News] The Federation of Korean Industries (hereinafter FKI) is the middle of the member representatives attended, including Huh Chang-soo President, bakyoungju President, gimyun President, yiungyeol president of the FKI Conference Center 24 Days '56th Annual General Meeting' bolting and decided to hold the GS Chairman Huh Chang-soo in the 36 FKI chairman. From the left yiungyeol Kolon chairman, president bakyoungju this industry, FKI chairman Huh Chang-soo, chairman gimyun Samyang Holdings



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