Samsung Life Insurance has accelerated its senior care business by investing capital in its subsidiary operating in the nursing care sector.
On September 30, Samsung Life Insurance announced that it had injected 31 billion won in paid-in capital to its subsidiary, Samsung Noble Life. Separately, Samsung Life Insurance is also proceeding with a capital contribution in kind worth 422.5 billion won for the land and buildings of Samsung Noble County.
Recently, Samsung Life Insurance established Samsung Noble Life, becoming the fourth life insurance company to set up a nursing care subsidiary.
Samsung Noble Life was established with a capital of 10 billion won. The company has recently acquired the operating rights for Noble County, a senior community, from the Samsung Life Public Welfare Foundation, further accelerating its drive into the senior care business.
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