Originally established as Kumho Life Insurance in 1988, the company was acquired by Korea Development Bank (KDB) in 2010 and rebranded as KDB Life Insurance. It has since grown to become a significant player in the South Korean life insurance market. The company's mission is to be a "trusted life partner" for its customers by providing reliable financial solutions and customer-centric services, including various life insurance policies, annuities, and retirement and health-related products. In late 2023, Hana Financial Group signed a stock purchase agreement to acquire KDB Life, with the deal expected to finalize in 2024, integrating it into one of South Korea's major financial holdings.

Founded in

South Korea