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It was centered inside January 1952 since the Korea Anbo Fire and you can Marine Insurance and you will is actually rebranded Samsung Flames & Aquatic Insurance rates inside the December 1993. Samsung Flame & Marine Insurance offers functions in addition to crash insurance rates, automobile insurance, casualty insurance rates, fire insurance, responsibility insurance coverage, aquatic insurance coverage, personal pensions and you may fund. At the time of March 2011 it got operations inside ten countries and you may 6.5 million users. Samsung Flames & Marine Insurance policies got a whole premium earnings away from $eleven.7 billion last year and total possessions away from $twenty eight.81 billion on the 31 March 2011. It is the biggest seller of general insurance inside South Korea.
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In addition, it implemented a south Korean governing stating that one another businesses had been responsible for infringing on each other’s intellectual assets. Within the very first change pursuing the governing, Samsung offers to the Kospi list dropped 7.7%, the biggest slide while the 24 October 2008, to a single,177,100000 Korean claimed. Compared to almost every other significant Korean companies, Samsung live the fresh 1997 Western financial crisis seemingly unharmed. However, Samsung System try offered so you can Renault during the a life threatening losings. By 2010, Renault Samsung is 80.one percent belonging to Renault and you may 19.9 % owned by Samsung.
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