[
THE INVESTOR]
Korean Reinsurance Company, the only reinsurance company in South Korea, reported Aug. 16 that its 3,810,876 shares (3.17 percent stake) owned by chairman Won Hyuk-hee have been inherited evenly between his two daughters, Jong-in and Gye-young.
Won Jong-in now owns 2,680,547 shares (2.23 percent stake) and Won Gye-young holds 2,537,016 shares (2.11 percent stake).
Chairman Won passed away at 89 years old in March. As the largest shareholder of Korean Re since 1998, he helped it grow to become one of the top 10 reinsurance companies in the world, as well as the largest in Asia.
The company is currently headed by his third son, Won Jong-gyu. He owns 3.5 percent stake in the company.
By Hwang You-mee (
glamazon@heraldcorp.com)
