Shinhan Lifecare Holds Inaugural General Meeting of the 'Senior Business Forum'

Shinhan Life Care, a subsidiary dedicated to the senior business under Shinhan Life, announced on the 25th that it held the inaugural general meeting of the ‘Senior Business Forum’ together with major domestic companies at the Conrad Hotel in Yeouido, Seoul.

The Senior Business Forum is a platform established to actively explore growth opportunities in the senior market by bringing together companies from various domestic industries amid the accelerating transition to a super-aged society.

Shinhan Life Care, a subsidiary dedicated to the senior business of Shinhan Life, announced on the 25th that it held the inaugural general meeting of the 'Senior Business Forum' at the Conrad Hotel in Yeouido, Seoul, together with major domestic companies. Photo by Shinhan Life

Starting with this inaugural general meeting, Shinhan Life Care and Hyundai Construction, the co-secretary companies, plan to strengthen collaboration across the entire senior industry and actively support member companies in expanding their senior-related business models. By sharing the capabilities and resources each member company possesses, they intend to promote joint projects and build and develop the ecosystem of the senior industry.

The general meeting was attended by about 80 key executives and employees from 14 companies across sectors including ▲finance ▲construction ▲IT & telecommunications ▲food ▲healthcare ▲education & lifestyle culture. The detailed agenda included congratulatory speeches from guests, sharing future forum operation plans, and a signing ceremony, facilitating active discussions to build mutual networks among participating member companies.

Lee Young-jong, CEO of Shinhan Life, said in his congratulatory speech, “I sincerely thank the companies representing each industry for participating in the inaugural general meeting of the Senior Business Forum,” adding, “Let us cooperate to create synergy by leveraging each other’s strengths and establish a sustainable senior business standard model that contributes to increasing social value.”

Shinhan Life Care is establishing differentiated models in various fields such as nursing care, housing, and healthcare to create new standards in the domestic senior industry. It is currently developing nursing care and housing facilities at key locations including Hanam Misa and Eunpyeong. In November last year, it opened the Bundang Daycare Center, accumulating operational know-how and focusing on advancing senior-customized services.

Hyundai Construction is seeking ways to contribute to the development of the senior housing industry through development, construction, and technology. It participated as a developer in the Eunpyeong Senior Residence project, which broke ground in January this year. It is scheduled to participate as a construction company in the Gogi-dong project in Yongin, Gyeonggi Province. Additionally, it is making efforts to develop health housing products and technologies to respond to the increasing senior demand.

Shinhan Financial Group, including Shinhan Life Care’s parent company Shinhan Life, Shinhan Bank, and Shinhan Card, participated in this forum together to specifically discuss various collaboration models in the senior business field and to lead the future senior market.

Woo Seok-moon, CEO of Shinhan Life Care, stated, “Since our country has already entered a super-aged society, exchanging expertise among related industries is an essential task for the development of elderly welfare and the silver industry,” adding, “We will do our best to contribute to the development of the senior industry by coexisting with member companies centered on the senior business know-how accumulated by Shinhan Life Care.”

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