Seoul Guarantee Insurance Company (SGI) was originally established in 1969 under the name Korea Fidelity & Surety Company. A merger with Hankuk Fidelity & Surety Company in November 1998 formed the SGI of today. As a comprehensive guarantee service provider, SGI is currently the domestic market leader in the surety and credit insurance industry and is enjoying an unsurpassed reputation for its financial strength in the global market.
In FY2017, SGI posted USD 1.6 billion in premium revenue and USD 428 million in net income. As of the end of 2017, the guarantee-exposure topped USD 257 billion. Meanwhile, SGI’s financial soundness was confirmed by the RBC(Risk Based Capital) ratio of 403.0% in December 2017, well above the average RBC ratio of top 4 domestic non-life insurance companies. SGI has reinforced its position in the market by receiving a credit rating of “AA-(Stable)” and “A+(Stable)” from Fitch and Standard & Poor’s, respectively. Our headquarters is in Seoul, Republic of Korea. We have one branch office in Hanoi (Vietnam) and three overseas representative offices in Beijing (China), Dubai (UAE), and New York (USA).
Korea Deposit Insurance Corporation – 93.85%
3 Life Insurance Companies – 4.80%
7 Non-life Insurance Companies & others – 1.35%
Our lines of Credit Insurance written: Commercial Credit Insurance, Financial Credit Insurance and others.
Our lines of Surety Bonds written: Fidelity Bonds, Contract Bonds (Bid, Performance, Advance Payment, etc.), Statutory Bond (customs, tax, court bonds, etc.), Financial Guarantees and Other Bonds. Our other services include Debt Collection and Recovery.
Board of Directors
Mr. Sang-Taek Kim – President & CEO
Mr. Ik-Hyung Lee – Chief Audit Executive
Mr. Deug-Yung Lee – Executive Director
Mr. Chul Park – Executive Director
Mr. Bo-Sun Shin – Executive Director
Mr. Seung-Woo Lee – Managing Director
Mr. Bong-Moon Paik – Managing Director
Mr. Chang-Kook Yang- Managing Director
Mr. Hyung-Taek Lim – Managing Director
Mr. Byung-Cheul Song- Managing Director
Mr. Se-Joon Huh- Managing Director
Mr. Young-Bae Son-Managing Director
Mr. Wang-Yong Kim- Managing Director
Mr. Jeong-Seop Yoon- Managing Director
Mr. Bum-Seok Kang- Director
Mr. Sang-Il Nam – Director
Mr. Eui-Tak Hwang – Director
Mr. Bu-Eun Kim-Director
29, KimSangok-ro, Jongno-gu,
Phone +82 2 3671 7480
Fax +82 2 3671 5534