Aviva Group companies operated in Korea for over 100 years.
On January 25, Ocean Accident & Guarantee Corporation Ltd appoints Edward Ernest Parsons agent for Shanghai and “elsewhere in the Empire of China including Korea”.
By this date the South British Insurance Company Ltd is operating in Korea.
Pan Korea Insurance Company Ltd is established in Seoul.
Commercial Union Assurance Company Ltd opens a liaison office in Seoul.
In April, Pan Korea Insurance Company Ltd changes its name to LIG Insurance.
In January, Aviva enters the South Korean long-term savings market agreeing to buy a stake in LIG Life Insurance Company Ltd in partnership with Woori Finance Holdings. The new joint venture is named Woori Aviva Life Insurance.
Aviva sells its stake in Woori Aviva Life Insurance, to NongHyup Financial Group.