Korea Credit Union Insurance Arm Targets 10 Trillion Won in Assets

by Lee Seongjin Posted : April 30, 2026, 10:13Updated : April 30, 2026, 10:13
Ko Young-cheol, chairman of the Korea Credit Union Federation, delivers remarks at the 2025 insurance awards and 2026 vision event in Daejeon on April 29. (Photo provided by the federation)
Ko Young-cheol, chairman of the Korea Credit Union Federation, delivers remarks at the 2025 insurance awards and 2026 vision event in Daejeon on April 29. (Photo provided by the federation)
The Korea Credit Union Federation said it aims to expand its mutual-aid insurance business and build insurance assets to 10 trillion won, while strengthening financial protection for members on the back of stable growth.

The federation said it held its “2025 Insurance Awards and 2026 Vision Declaration” on April 29 at its training center in Daejeon, where it reviewed 2025 performance and shared its 2026 direction.

For 2026, it outlined priorities including stronger competitiveness in member-focused protection products, expanded support for front-line sales, improved service quality and a stronger cooperation framework between local credit unions and the federation. It said the goal is for the insurance business to contribute more directly to members’ financial stability and to broaden credit unions’ earnings base.

“2026 is a critical period when CU Insurance must further strengthen front-line sales capabilities and product competitiveness based on a stable growth foundation,” said Son Seong-eun, the federation’s head of credit and insurance business. “With a goal of 10 trillion won in insurance assets, we will actively support timely delivery of the protection services members need.”

As of the end of 2025, CU Insurance reported insurance assets of 6.3 trillion won and a risk-based capital ratio of 325%.

“CU Insurance began as cooperative insurance to share unexpected life risks and protect one another,” Chairman Ko said. “We will continue to build a tighter protection safety net so members can live with peace of mind, grounded in the mutual-aid values at the heart of insurance.”



* This article has been translated by AI.