Products & Services > Affiliates > Hanwha Savings Bank
Hanwha Savings Bank
Hanwha Savings Bank is a financially sound blue-chip savings bank. We faithfully fulfill our role as a microfinance institution by supporting small and medium-sized companies with great potential, developing new products, and providing convenient services.
Founded in 1997, Hanwha Savings Bank joined the Hanwha Group in 2008 and has since grown into one of the most stable savings banks in the industry. Even in unfavorable business climates, we’ve been able to safely pursue external growth with our experienced sales teams and a highly disciplined management team. We also found success by extending the fundamental roles of microfinance institutions and supporting small and medium-sized companies with great potential.
Today, we are a sound savings bank whose continued growth is backed by the confidence of our customers. We constantly strive to benefit both our clients and the society by developing products that serve their interests. Our risk management system enables us to perform faithfully by providing individual and business clients with top-quality financial products and services.
Related Affiliates
Hanwha's businesses span aerospace, ocean & mechatronics, materials, green energy, finance, retail & services. Through the integration of our growing number of affiliate enterprises worldwide, we are harnessing the power of sustainable, quality growth to continually increase the value we bring to our customers.
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Hanwha Life
Established in 1946, Hanwha Life is a leading life insurance company that is both the first and the oldest in South Korea. Early on, we played a critical role in developing the insurance industry and the country’s economic growth.
In 2017, we expanded but made sure to stay structurally sound. We reported total assets of USD 102.96 billion. At the end of 2017, we achieved a 206.4 percent risk-based capital (RBC) ratio, demonstrating the soundness of our asset quality. Our strong credit ratings from both domestic agencies and abroad attest to our creditworthiness. We have received sterling AAA credit ratings from South Korea’s top rating agencies for the past eleven years. From abroad, we received global credit ratings of A1 from Moody's and A+ from Pitch international credit rating agencies.
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Hanwha General Insurance
Established in 1946, Hanwha General Insurance is the first South Korean insurance company funded solely by domestic capital. Throughout history, we’ve played a pivotal role in developing South Korea’s general insurance industry. Today, we’re a major insurer with total assets of nearly USD 14 billion. We use advanced services to enhance customer value and offer a comprehensive product portfolio ranging from long-term insurance to auto and general insurance. We created a Consumer Protection charter, improved service quality and minimized customer inconvenience to provide an overall superior customer experience. We also expanded the scope of what our call center agents could do to ensure a one-call, one-stop system. In addition, we were the first South Korean insurer to introduce an electronic signature system, making it easier for customers to complete transactions from their mobile devices. We have even introduced a mobile application called Smart Insu, catering to the ways and needs of our customer. More than 100,000 customers have installed the app.
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Hanwha Asset Management
Founded in 1988, Hanwha Asset Management has grown into a comprehensive asset management company offering a full range of financial instruments, including stocks, bonds, MMFs, fund of funds, social overhead capital, derivatives, real estate, ETFs, special assets and PEFs in both domestic and overseas capital markets. In 2021, as part of its expansion into digital finance, Hanwha Asset Management launched the PINE app, a platform for direct sales of funds for individual investors. At the end of 2022, the company was one of South Korea’s top asset management companies with $78.63 billion in assets under management (AUM). Building on its capabilities in South Korea, the company is growing into a global asset management company by operating local subsidiaries in the U.S., Singapore and China.
