Hanwha Life President Kim Dong-won Finds His 6th Davos... Seeking Global Strategies

Conducted Over 10 Business Meetings
Discussed Cooperation Plans with Global Financial Leaders

On the 17th (local time) at the World Economic Forum in Switzerland (Davos Forum), Yeo Seung-joo, CEO of Hanwha Life (from left), Kim Dong-won, President of Hanwha Life, and John Riadi, CEO of Repo Group, are taking a commemorative photo.
[Photo by Hanwha Life]

Kim Dong-won, President of Hanwha Life Insurance, visited Davos for the sixth time. As the Chief Global Officer (CGO), he actively expanded his network with global leaders and engaged in bold discussions.

From the 15th to the 19th (local time), Kim attended the World Economic Forum (Davos Forum) held in Switzerland, where he had active exchanges and cooperation with leaders in the global financial industry.

Kim has consistently participated in international events such as the Davos Forum and the Boao Asia Forum. Leveraging the global network he built there, he accelerated global expansion by pushing forward actual business initiatives. To overcome the limitations of the domestic insurance market, which is stagnating due to market saturation and population aging, Hanwha Life Insurance expanded its operational stage through on-site global management.

Following last year, Kim visited Davos again this year and held more than ten business meetings. During this process, he sought the direction of Hanwha Life Insurance’s global strategy and explored ways to expand into the Asian market.

This year’s Davos Forum theme was "Rebuilding Trust," and through official sessions, participants broadly considered key issues such as artificial intelligence (AI), climate change, and security. On the 17th, Kim met with John Riady, CEO of Lippo Group, ranked sixth in Indonesia’s business circles. The two, who first connected at the 2016 Davos Forum, have maintained a friendly cooperative relationship since successfully completing Hanwha Life Indonesia’s acquisition of Lippo Insurance in March last year.

During the meeting with John Riady, Hanwha Life CEO Yeo Seung-joo and Kim engaged in detailed discussions on the outlook for Indonesia’s insurance market and future cooperation plans. They talked about potential collaboration opportunities to discover future growth drivers in the non-life insurance industry, based on Indonesia’s status as a key next-generation electric vehicle market.

Kim also met with David Rubenstein, Chairman of Carlyle, the world’s largest private equity fund, and Harvey Schwartz, CEO, to discuss the global economy, private equity market outlook, and promising investment sectors. The focus was on identifying opportunities and strategic directions for overseas investment markets going forward.

The day before, CEO Yeo met with James Landay, Associate Director of the Human-Centered Artificial Intelligence Institute (HAI) at Stanford University, to discuss prospects and applications in the era of generative AI.

A Hanwha Life official stated, "Since last year, President Kim has played a leading role in establishing the future direction and strategy of Hanwha Life’s global business as CGO, achieving significant results. Going forward, he plans to continue global management efforts through various global business initiatives and the advancement of existing overseas business management systems."

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