Products & Services > Affiliates > Hanwha Savings Bank
Hanwha Savings Bank
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 an unfavorable business climate, we've been able to safely pursue external growth with our experienced sales teams while maintaining a disciplined management. We also extend the fundamental roles of microfinance institutions and support profitable business for promising small and medium-sized companies.
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 as a sound financial institution, and we are committed to providing individual and business clients with top-quality financial products and services.
Hanwha's businesses span chemicals & materials, aerospace & mechatronics, solar energy, finance,
leisure & lifestyle, and construction. 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.
- Hanwha Life Established in 1946, Hanwha Life is a leading life insurance company and also the oldest in South Korea. Early on, we played a critical role in developing the insurance industry and the country's economic growth—always with our customers in mind.
- 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 11 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.
- 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, and PEFs in both domestic and overseas capital markets. At the end of 2016, we were among South Korea's top two asset management companies with USD 71.49 billion in assets under management (AUM). We have top-tier expertise and well-organized systems in all areas, including product development, research, compliance, and risk management. All our products and services cater to the needs of our customers because we put into practice our principle and management philosophy of placing our customers first before anything else. Hanwha Asset Management is accelerating its strategic overseas expansion to become a leading asset management company in Asia. Our Singapore subsidiary manages equity and alternative investments in the pan-Asian market. We acquired a New York-based subsidiary to handle assets of the US and other advanced countries. We have also established a Chinese subsidiary as a wholly foreign-owned enterprise (WFOE) to expand our overseas business footprint as we pursue a global strategy.