Fubon Hyundai Life Insurance held a board meeting on the 18th and approved a capital increase of 700 billion won. The capital increase is scheduled to be completed within this year after going through necessary procedures and subscription schedules for major shareholders.
This capital increase by Fubon Hyundai Life Insurance was carried out to respond to the expansion of risks in the financial market and the heightened demands for capital management, as well as to strengthen its financial structure for sustainable business growth.
The expansion of core capital for maintaining stable financial soundness, product strategies for optimizing revenue and risk, and sales strategies to increase the Contractual Service Margin (CSM) were determined by the management strategies of Fubon Hyundai Life Insurance and the interests of major shareholders.
Fubon Hyundai Life Insurance not only alleviated market concerns about its capital adequacy through this capital increase but also laid the groundwork for qualitative improvement. Additionally, the company plans to establish and gradually implement a mid- to long-term financial soundness management plan to maintain an adequate level of the K-ICS ratio without transitional measures.
Fubon Hyundai Life Insurance plans to actively expand its sales activities in accordance with market conditions through the capital increase of 700 billion won.
By diversifying products across all channels, the company aims to strengthen product competitiveness, while it plans to seek growth by expanding the organization of exclusive sales channels and forming strategic partnerships in the GA sales channels to increase CSM.
Fubon Life Insurance, the largest shareholder of Fubon Hyundai Life Insurance, along with Fubon Financial Holdings, its parent company, continues to show sustained interest and investment in the Korean market.
Since becoming the largest shareholder of Fubon Hyundai Life Insurance in 2018, Fubon Life Insurance has been providing continuous support, and Fubon Financial Holdings invested in the Woori Financial Group in 2019 and in Hyundai Card in 2022. In July 2025, Taipei Fubon Bank established a representative office in Yeouido, Seoul.