Kyobo Lifeplanet Life Insurance names new CEO

Kyobo Lifeplanet Life Insurance has appointed Kang Taeyoon as the new CEO to lead the company for the next two years. His term is slated to end in September 2024.

Kang’s appointment ended the era of the firm’s long-serving former CEO, Lee Hak-sang, who led the company during the past decade, since the firm’s official launch in 2013.

After graduating from Soongsil University and earning an MBA from the University of Washington, Kang started his career at Kyobo Life Insurance in 1997, assuming various roles ranging from being on an e-business taskforce to strategic business planning. He has been working at Kyobo Lifeplanet since 2013 and is known for his achievements in digital management innovation during that period.

“As the CEO of the company, I will focus on strengthening solid ground for the firm as a digital life insurer, while securing new growth engines to lead the market,” Kang said. “The company aims to continuously innovate itself to be a leader acknowledged by customers and all the market participants,” he added.

Kyobo Lifeplanet Life Insurance has been maintaining a high rate of customer loyalty with its innovative digital transformation initiatives.