FriedLife Appoints Kim Manki as New CEO

Kim Manki, the new CEO of FreeD Life (photo), officially took office on the 3rd. Photo by FreeD Life

[Asia Economy Reporter Kim Heeyoon] Kim Manki, the new CEO of FreedLife, officially took office on the 3rd. CEO Kim held an inauguration ceremony at FreedLife headquarters in Yeouido, Seoul, and began his official duties.

CEO Kim is a strategic planning expert in the insurance field with 30 years of experience. He previously served as Head of Management Strategy at Dongyang Life Insurance (Executive Director), Executive Director in charge of Strategic Planning at ABL Life Insurance, and Auditor. Notably, during his tenure, he successfully led the first IPO of a domestic life insurance company, Dongyang Life Insurance.

In his inaugural speech, CEO Kim outlined key focus areas including ▲strengthening the core business's customer-centric identity ▲leading industry innovation and improving consumer perception ▲enhancing corporate value ▲and strengthening business capabilities.

CEO Kim said, “I am grateful to the executives and employees who have done their best to bring FreedLife to where it is today,” adding, “Although the industry faces challenges due to prolonged low growth and COVID-19, FreedLife, which achieved record-breaking sales performance and ranked first in assets and advance payments in the first half of this year, will further strengthen its innovation DNA and take another leap forward as a company setting new industry standards.”

As of the end of last year, FreedLife's total assets amounted to 1.0144 trillion KRW, and as of last month, total advance payments reached 1.0018 trillion KRW, marking the industry's first nine consecutive years of profitability.

This content was produced with the assistance of AI translation services.