Yoon Jong-kyu, Chairman of KB Financial Group (left), and Sakurada Kengo, Chairman of Sompo Holdings (right), are posing for a commemorative photo after signing the agreement.
KB Financial Group announced on the 9th that it has signed a business agreement with Japan's Sompo Holdings to develop the nursing care service industry.
Yoon Jong-kyu, Chairman of KB Financial, and Kengo Sakurada, Chairman of Sompo Holdings, held a business agreement ceremony at Sompo Holdings' headquarters in Tokyo the day before. Chairman Yoon and KB Financial employees also visited Sompo Care's nursing care professional training institute and digital new technology research facilities.
Sompo Holdings is Japan's largest insurance group with total assets of approximately 135 trillion won, consisting of five business divisions?life insurance, non-life insurance, overseas insurance, nursing care business, and digital business?and 95 subsidiaries. Sompo Japan, Japan's first non-life insurance company, and Sompo Care, a specialized nursing care service company, are its core affiliates.
Sompo Holdings currently operates nursing care facilities under various brands according to service levels. It offers diverse services such as the "Smile Aging Program," which improves elderly lifestyle habits to prevent cognitive decline; the "Sompo Miso Club," providing dementia prevention services to dementia insurance policyholders; and "The Strength of Parents and Children," which supports balancing work while caring for parents.
Through this business agreement, KB Financial plans to share Sompo Holdings' nursing care service industry infrastructure operation and nursing product and service development capabilities to provide high-quality nursing care services. KB Golden Life Care plans to collaborate with Sompo Care in the digital technology field by collecting data based on the Internet of Things (IoT). Sompo Holdings also plans to enter the Korean nursing care service industry market directly and indirectly through this business agreement.
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