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Korean Re New Year’s Concert 2025
On January 9, Korean Re hosted the 2025 Korean Re New Year’s Concert, celebrating its 11th year as an annual tradition. The event was organized in two segments, with Korean Re executives, employees, and their families in attendance. The first part of the event took place at the Lotte Hotel World Crystal Ballroom, where attendees enjoyed a special video presentation reflecting on memories of the current headquarters, as the company prepares for its upcoming relocation. This was followed by an introduction video of new employees and a welcome address by CEO Jong-Gyu Won. In his speech, CEO Won expressed gratitude to Korean Re employees and their families for their dedication over the past year and took the opportunity to introduce new employees’ families to Korean Re’s industry status and social role.
Following dinner, guests proceeded to the Concert Hall for the second part of the evening—the highly anticipated New Year’s Concert. The event featured a world-class performance led by conductor Jaap van Zweden and the Seoul Philharmonic Orchestra, captivating the audience with pieces such as Mendelssohn’s “Italian” Symphony and Johann Strauss II’s “The Blue Danube”. The highlight of the night was a breathtaking performance of Sibelius’ Violin Concerto by prodigy Seo-Hyun Kim, earning resounding applause from the audience. The concert began on a solemn note, paying tribute to the victims of last year’s Muan Airport tragedy, with a moving rendition of Elgar’s “Nimrod” from the Enigma Variations.
Korean Re Sponsors International Seminar on Climate Risk
Korean Re, in collaboration with the General Insurance Association of Korea, sponsored an international seminar on climate risk, jointly organized by the Korea Insurance Research Institute and POSTECH (Pohang University of Science and Technology). Under the theme “How can the insurance industry improve its climate risk management?”, the seminar took place on January 16, 2025 at the Conference Center of the Federation of Korean Industries.
In his welcome address, CEO Jong-Gyu Won emphasized that climate change is not merely a shift in weather patterns but a factor that increases the frequency and severity of natural disasters, significantly impacting the insurance industry. He stated, “Insurers are facing new challenges that go beyond traditional risk management approaches. In this evolving landscape, reinsurance plays a crucial role in risk diversification and providing stable loss management support.”
The seminar featured presentations by leading domestic and international scholars, offering in-depth insights into the current state of climate risk responses and the future direction of climate risk management frameworks. As part of the discussions, Chun-Woo Baek, General Manager of Korean Re’s Risk & Capital Solutions Team, delivered a presentation titled “The Impact of Climate Risk on the General Insurance Industry and Response Strategies: A Focus on Physical Risks.”
Korean Re Hosts Maritime Safety Seminar
Korean Re successfully hosted the Maritime Safety Seminar at its head office in Seoul on December 6, 2024, bringing together Korean Re executives, employees, and key figures from the insurance industry.
The seminar served as a platform for industry professionals and experts to discuss market trends and future strategies in cargo, aviation, and hull insurance.
Divided into three sessions, the event commenced with a presentation by Jun-Sung Park from Korean Re’s Engineering & Marine Team, who provided insights into market trends in cargo and aviation insurance and underwriting strategies for 2025.
The seminar continued with an insightful presentation by an expert from the Korean Register (KR), who conducted an in-depth analysis on ammonia-powered vessels and other eco-friendly initiatives shaping the future of maritime sustainability.
In the final session, Namkoong Shick from Korean Re’s Engineering & Marine Team, provided a comprehensive overview of the current state of the domestic marine insurance market and outlined underwriting strategies for 2025, offering key insights into industry trends and risk management approaches.
The seminar served as a valuable forum for insurance professionals, maritime experts, and policymakers to exchange insights on the latest developments in the insurance market, including eco-friendly maritime solutions. Moving forward, it is expected to continue fostering industry dialogue and establish it self as a key platform for collaboration and knowledge-sharing within the maritime and insurance sectors.
