Developer docs
API playgroundTry for free, no card

Search company profiles

Tongyang Life Insurance

Full company profile

uuid0009x56

Namestring
Tongyang Life Insurance
Websiteurl
myangel.co.kr
Company typeenum
Private
Founded yearint
1989
Descriptiontext

Tongyang Life Insurance is identified by its corporate name as a life insurance carrier, with an associated web domain (https://myangel.co.kr/) that appears to be a customer-facing portal, consistent with online policyholder servicing common in the South Korean insurance market. The source material provides no substantive information about the company's specific product lines (e.g., term, whole life, health, annuities), underwriting approach, claims operations, technology stack, or distribution model.

No information is available on the company's core technology architecture, proprietary systems, or digital capabilities beyond the existence of a web portal. The source data does not disclose revenue, headcount, office locations, technology vendors, certifications, partnerships, management team, or ownership structure. The ownership commentary explicitly notes that only the URL reference is available without additional company information.

The business model — including pricing/premium mechanics, customer segments, go-to-market channels, and revenue recognition — is not described in the source data. Fundraising history, M&A activity, regulatory actions, and product launches are all empty. As a result, this description is limited to the inference that the company operates in the life insurance sector and maintains a Korean web domain; any further characterization would require external data not provided in the input.

Short descriptiontext

Tongyang Life Insurance appears to be a South Korean life insurance company operating a customer portal at myangel.co.kr; the source data provides no information on its specific products, customers, or revenue.

Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersSeoul, South Korea
HQ citystring
Seoul
HQ countrystring
South Korea
HQ regionstring
Asia
Markets served

Serves global market

Keyword5 values
life insurance, annuity products, insurance underwriting, policy administration, insurance claims
Industry3 codes
1Whole Life Insurance
CodeFSAIABAAPrimaryYes
2Level Term Life Insurance
CodeFSAIAAAAPrimaryNo
3Group Term Life Insurance
CodeFSAIAAAJPrimaryNo
NAICS code2 codes
  • Direct Life Insurance Carriers524113
  • Insurance Carriers5241
SIC code1 code
  • Life Insurance6311
Product category
Life Insurance
No data
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Tongyang Life Insurance is a life insurance company providing life insurance and related financial protection products to customers. The specific product portfolio, policy types, coverage terms, and underwriting approach are not documented in the available source data, which references only the company name and a Korean domain URL (https://myangel.co.kr/).

Differentiator
Functional benefit
Problem solved
No data
Peers10 records
1ABL Life Insurance
TypeDirect peer
Description

Korean life insurer offering protection and savings products to retail customers. Comparable as a mid-sized Korean life carrier competing in the same domestic market.

2Samsung Life Insurance
TypeDirect peer
Description

Largest Korean life insurer by assets, offering a full suite of whole life, term, and annuities through tied agents and bancassurance. Directly comparable as a domestic Korean life insurance carrier competing for the same policyholders.

3Hyundai Life Insurance
TypeDirect peer
Description

Korean life insurer affiliated with the Hyundai conglomerate, providing whole life, term, and variable products to retail and group customers. Directly comparable product mix and Korean market positioning.

4Hanwha Life Insurance
TypeDirect peer
Description

Major Korean life carrier with whole life, health, and retirement products distributed via agents and bancassurance. Direct peer in scale, product range, and Korean retail customer base.

5KB Life Insurance
TypeDirect peer
Description

Korean life insurer affiliated with KB Financial Group, offering whole life, term, and annuity products. Comparable as a bank-affiliated Korean life carrier targeting similar consumer segments.

6Shinhan Life Insurance
TypeDirect peer
Description

Life insurance arm of Shinhan Financial Group in Korea, distributing whole life and protection products through bank channels. Direct peer in bancassurance-led Korean life distribution.

7Kyobo Life Insurance
TypeDirect peer
Description

Mutual-style Korean life insurer focused on savings-oriented whole life and retirement products. Comparable in product orientation toward long-duration Korean retail savings and protection customers.

8Mirae Asset Life Insurance
TypeDirect peer
Description

Korean life insurer affiliated with Mirae Asset Group, offering whole life, variable, and retirement products. Comparable as a domestic Korean life carrier with diversified product suite.

9MetLife Korea
TypeBroad incumbent
Description

Subsidiary of global life insurance giant MetLife operating in Korea with a broad product portfolio. Comparable as an established carrier in the Korean market with wider portfolio reach than the subject.

10Prudential Life Insurance Company of Korea
TypeBroad incumbent
Description

Korean operation of global insurer Prudential, offering life and health protection products. Comparable as a global incumbent operating in the Korean life insurance market with broader geographic scale.

Market position
Strengths3 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat1 record

Each record includes

Type, Details

Key risks3 records

Each record includes

Headline, Details, Source

Key highlights2 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Tongyang Life Insurance

Life Insurancemyangel.co.kr

Tongyang Life Insurance appears to be a South Korean life insurance company operating a customer portal at myangel.co.kr; the source data provides no information on its specific products, customers, or revenue.

What Tongyang Life Insurance does

Tongyang Life Insurance is identified by its corporate name as a life insurance carrier, with an associated web domain (https://myangel.co.kr/) that appears to be a customer-facing portal, consistent with online policyholder servicing common in the South Korean insurance market. The source material provides no substantive information about the company's specific product lines (e.g., term, whole life, health, annuities), underwriting approach, claims operations, technology stack, or distribution model.

No information is available on the company's core technology architecture, proprietary systems, or digital capabilities beyond the existence of a web portal. The source data does not disclose revenue, headcount, office locations, technology vendors, certifications, partnerships, management team, or ownership structure. The ownership commentary explicitly notes that only the URL reference is available without additional company information.

The business model — including pricing/premium mechanics, customer segments, go-to-market channels, and revenue recognition — is not described in the source data. Fundraising history, M&A activity, regulatory actions, and product launches are all empty. As a result, this description is limited to the inference that the company operates in the life insurance sector and maintains a Korean web domain; any further characterization would require external data not provided in the input.

Tongyang Life Insurance firmographics

Firmographics
Name
Tongyang Life Insurance
Website
https://myangel.co.kr
Company type
Private
Founded year
1989
Headcount range
501–1,000 employees
Short description
Tongyang Life Insurance appears to be a South Korean life insurance company operating a customer portal at myangel.co.kr; the source data provides no information on its specific products, customers, or revenue.
Ownership category
akta.pro rank

Tongyang Life Insurance industry classification

Industry
Product category
Life Insurance
NAICS
Direct Life Insurance Carriers (524113), Insurance Carriers (5241)
SIC
Life Insurance (6311)
akta.pro primary industry
Whole Life Insurance (FSAIABAA)
akta.pro secondary industries
Level Term Life Insurance (FSAIAAAA), Group Term Life Insurance (FSAIAAAJ)

Keywords

  • Life insurance
  • Annuity products
  • Insurance underwriting
  • Policy administration
  • Insurance claims

Where Tongyang Life Insurance is headquartered

Location

Headquarters

HQ city
Seoul
HQ country
South Korea
HQ region
Asia

Markets served

Tongyang Life Insurance business model

Business model
GTM type
B2C
Offering type
Services

Tongyang Life Insurance product offering

Product offering

Core offering

Tongyang Life Insurance is a life insurance company providing life insurance and related financial protection products to customers. The specific product portfolio, policy types, coverage terms, and underwriting approach are not documented in the available source data, which references only the company name and a Korean domain URL (https://myangel.co.kr/).

Differentiator

Problem solved

Functional benefit

Companies that use Tongyang Life Insurance

Customer profile

Ideal customer profiles1 record

Tongyang Life Insurance technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Tongyang Life Insurance competitors and assessment

Company assessment

Direct peers

  • ABL Life Insurance: Korean life insurer offering protection and savings products to retail customers. Comparable as a mid-sized Korean life carrier competing in the same domestic market.
  • Samsung Life Insurance: Largest Korean life insurer by assets, offering a full suite of whole life, term, and annuities through tied agents and bancassurance. Directly comparable as a domestic Korean life insurance carrier competing for the same policyholders.
  • Hyundai Life Insurance: Korean life insurer affiliated with the Hyundai conglomerate, providing whole life, term, and variable products to retail and group customers. Directly comparable product mix and Korean market positioning.
  • Hanwha Life Insurance: Major Korean life carrier with whole life, health, and retirement products distributed via agents and bancassurance. Direct peer in scale, product range, and Korean retail customer base.
  • KB Life Insurance: Korean life insurer affiliated with KB Financial Group, offering whole life, term, and annuity products. Comparable as a bank-affiliated Korean life carrier targeting similar consumer segments.
  • Shinhan Life Insurance: Life insurance arm of Shinhan Financial Group in Korea, distributing whole life and protection products through bank channels. Direct peer in bancassurance-led Korean life distribution.
  • Kyobo Life Insurance: Mutual-style Korean life insurer focused on savings-oriented whole life and retirement products. Comparable in product orientation toward long-duration Korean retail savings and protection customers.
  • Mirae Asset Life Insurance: Korean life insurer affiliated with Mirae Asset Group, offering whole life, variable, and retirement products. Comparable as a domestic Korean life carrier with diversified product suite.

Broad incumbents

  • MetLife Korea: Subsidiary of global life insurance giant MetLife operating in Korea with a broad product portfolio. Comparable as an established carrier in the Korean market with wider portfolio reach than the subject.
  • Prudential Life Insurance Company of Korea: Korean operation of global insurer Prudential, offering life and health protection products. Comparable as a global incumbent operating in the Korean life insurance market with broader geographic scale.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat1 record

Key risks3 records

Key highlights2 records

Customer concentration

Tongyang Life Insurance financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Tongyang Life Insurance leadership team

Management profile

Number of profiles

Tongyang Life Insurance funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Tongyang Life Insurance M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tongyang Life Insurance

What does Tongyang Life Insurance do?

Tongyang Life Insurance is a life insurance company providing life insurance and related financial protection products to customers. The specific product portfolio, policy types, coverage terms, and underwriting approach are not documented in the available source data, which references only the company name and a Korean domain URL (https://myangel.co.kr/).

When was Tongyang Life Insurance founded?

Tongyang Life Insurance was founded in 1989. It employs 501 to 1,000 people.

Where is Tongyang Life Insurance based?

Tongyang Life Insurance is headquartered in Seoul, South Korea, in the Asia region.

Who are Tongyang Life Insurance's main competitors?

Direct peers on record are ABL Life Insurance, Samsung Life Insurance, Hyundai Life Insurance, Hanwha Life Insurance, KB Life Insurance, Shinhan Life Insurance, Kyobo Life Insurance and Mirae Asset Life Insurance. Broad incumbents are MetLife Korea and Prudential Life Insurance Company of Korea.

Does Tongyang Life Insurance have an API?

No public API is recorded for Tongyang Life Insurance.

What industry is Tongyang Life Insurance in?

Tongyang Life Insurance's product category is Life Insurance. Its primary akta.pro industry code is FSAIABAA, Whole Life Insurance, with a secondary code of FSAIAAAA, Level Term Life Insurance. Its NAICS code is 524113 and its SIC code is 6311.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
The Korea HeraldWoori to merge Tongyang, ABL into W55tr life insurerWoori Financial Group announced plans to merge Tongyang Life Insurance and ABL Life Insurance into a single 55 trillion won entity targeted for launch in the second half of 2027. This strategic consolidation aims to reduce reliance on banking operations and establish insurance as a core growth engine through integrated capital, sales networks, and AI-driven operational efficiencies. The move positions the combined insurer to navigate demographic shifts and stricter regulatory requirements while exploring new markets such as senior care.KoreajoongangdailyAs Korea swelters, climate insurance spreads from farms to workers, shopkeepers and familiesKorea is expanding parametric climate insurance to cover daily construction workers and shopkeepers, with Jeju paying about 17,000 won per hour for heat-induced work suspensions. The program aims to fill gaps left by conventional insurance, which covered only 49% of global economic losses from catastrophic weather in 2025.The Motley FoolWoori Financial (WF) Q2 2026 Earnings Call TranscriptWoori Financial Group reported Q2 2026 net income of KRW 1.0046 trillion, up 66% from the previous quarter, bringing half-year net income to KRW 1.609 trillion with a 3.7% year-over-year increase. The company highlighted strategic diversification with non-bank subsidiaries' contribution more than tripling to 22.3% of group net income, while the Board approved expanded shareholder returns totaling KRW 350 billion in buybacks for 2026 and the full acquisition of Tongyang Life through a share exchange expected to complete in August 2026.KoreatimesFinancial groups post record earnings, boost shareholder returnsKorea's major financial groups extended their strong earnings momentum in the second quarter, with KB, Shinhan and Hana posting record quarterly and first-half profits while combined net profit exceeded 11 trillion won. Woori Financial Group staged a turnaround with 66 percent quarter-on-quarter profit growth, boosted by its acquisition of Tongyang Life Insurance which is set to become a wholly owned subsidiary. Buoyed by higher interest rates and a stock market rally that pushed the KOSPI index up nearly 90 percent in the first half, the financial groups announced enhanced shareholder return plans including larger share buybacks and higher cash dividends.KoreatimesWoori Financial's bid to take Tongyang Life private continues to stall amid shareholder backlashWoori Financial Group's plan to take Tongyang Life Insurance private has stalled as a dispute over the share-swap ratio has drawn heightened regulatory scrutiny from the Financial Supervisory Service (FSS), which has ordered the company to revise its securities registration statement. The core conflict centers on a 17 percent valuation gap: Woori acquired the controlling stake last year at 10,562 won per share, while the current share-swap terms value Tongyang Life shares at 8,720 won, prompting minority shareholders to protest at a second meeting on June 22. The case underscores Korea's evolving regulatory emphasis on substantive fairness to minority shareholders in intragroup transactions, raising questions about future share-swap deals for listed companies.The Korea HeraldWoori chief pitches growth strategy in Japan, TaiwanWoori Financial Group Chairman Yim Jong-yong is visiting Japan and Taiwan this week for a four-day investor relations campaign to meet with major institutional investors and expand the group's global shareholder base. During the trip, he will present the group's improving capital position with a 13.6% common equity Tier 1 ratio, its diversification strategy including recent acquisitions of Tongyang Life Insurance and ABL Life Insurance, and its shareholder return policy including tax-exempt dividends. Japan is identified as a market with strong interest in corporate value enhancement while Taiwan offers liquidity from the AI and semiconductor boom.뉴스톱금감원 다음 타깃은 ‘교보·동양생명’...소비자보호 현미경 검증 - 뉴스톱The Financial Supervisory Service plans to conduct joint inspections of Kyobo Life and Dongyang Life next month, following its completion of Samsung Life's inspection. The inspections will focus on consumer protection and IFRS17 accounting, with Kyobo Life expecting the inspection to start in the first half of the year.The Korea HeraldWoori Financial Q1 profit falls amid overseas setbacksWoori Financial Group posted a net profit of 603.8 billion won ($405 million) in Q1, down 2.1 percent year-over-year, making it the only major South Korean banking group to post a decline while competitors logged record-high earnings. The company attributed the shortfall to approximately 100 billion won in one-off provisions related to overseas operations and reduced gains from securities and foreign exchange amid Middle East conflict-driven market volatility, with earnings coming more than 20 percent below market consensus. The group plans to inject around 1 trillion won into its brokerage arm Woori Investment & Securities and will make Tongyang Life Insurance a wholly owned subsidiary through a share exchange.The Korea HeraldTop banking groups split on HQ strategy: Consolidation vs cashSouth Korea's four major financial groups — Hana, Shinhan, KB, and Woori — are pursuing diverging headquarters strategies, with Hana and Shinhan consolidating affiliates into new integrated complexes while KB reinforces its established Yeouido base and Woori monetizes real estate to raise capital following a series of recent acquisitions. Hana Financial plans to relocate approximately 2,800 employees to a new Cheongna headquarters in Incheon later this year, while Shinhan's redevelopment of Shinhan Financial Tower in Seoul secured approval in 2024 with completion targeted for 2031. Woori Financial Group is selling the Woori Financial Digital Tower, acquired in 2019 for 209.2 billion won, for an expected capital gain of 200–300 billion won to address capital adequacy concerns flagged by the Financial Supervisory Service after acquisitions including Tongyang Life Insurance, ABL Life Insurance, and Korea Foss Securities.ChosunbizInsurance Firms Launch Age-Specific Health Policies for Stress, DementiaSeveral major South Korean insurance companies have launched age-differentiated health insurance products, with younger adults (ages 15-40) receiving coverage for cancer, stress, and cardiovascular diseases, while older adults (ages 41-80) are offered dementia and long-term care protection. Samsung Life Insurance introduced two new products on the 8th — 'Youth Representative' and 'Life Representative' — with a 40-year-old cutoff, while competitors including NongHyup Life Insurance, KB Insurance, Tongyang Life Insurance, Hanwha Life, and Hyundai Marine & Fire Insurance released similar age-specific offerings. The article notes that premium preferences and disease concerns vary significantly by age group, with older consumers prioritizing sufficient coverage and dementia risk protection.