ABOUT US
Founded in 1947, Korea National Insurance Corporation has been operating Life and Non-Life insurance business activities in the Democratic People’s Republic of Korea for over 70 years till today
Foundation of the Corporation
Korea National Insurance Corporation was founded in July, 1947 and has been carrying out Life and Non-Life insurance business activities in the DPR Korea for over 70 years.
Mission
The Korea National Insurance Corporation takes it as its principal mission to stabilize and improve peoples’ living and to support social economic development through its insurance activities.
Structure
The Corporation head office has the operational departments dealing with Life and non-Life insurance operation, as well as insurance branch offices across the country.
Executive Committee of Management
Mr.Hong Myong Ryong, has been working with the Corporation since 1993 and directs the general operation of the Corporation as the ECM Chairman since 2014. 
Hong Myong Ryong
ECM Chairman
Mr.Kim Yong Gwon, the ECM Deputy-Chairman, has been working with the Corporation since 1999 and directs the operation of non-insurance firms of the Corporation.
Kim Yong Gwon
ECM Chairman
Mr. Kim Chol Yong, an ECM member, has been working with the Corporation since 1999 and is in charge of Corporation’s financial accounting and auditing.
Kim Chol Yong
ECM Member
Mr. Yun Jin, an ECM member, has been working with the Corporation since 1994 and directs Corporation’s insurance business for Rason Economic Trade Zone, newly developed economic zones and foreign entity-invested enterprises.
Yun Jin
ECM Member
FINANCIALS
The consolidated financial statements of Corporation have been prepared in accordance with the requirements of Accounting Law and its relevant regulation of the DPRK and the accounting principles generally accepted in the country.TYPICAL FIGURES
Following figures show the rapid development of insurance in our country. ( In KPW million )
GWP of Life Insurance
U/Results of Life Insurance
GWP of Non-Life Insurance
U/Results of Non-Life Insurance