{"id":153,"date":"2018-09-18T20:03:12","date_gmt":"2018-09-18T12:03:12","guid":{"rendered":"https:\/\/insurance.vincent-chen.com\/en\/?p=153"},"modified":"2020-09-20T20:06:36","modified_gmt":"2020-09-20T12:06:36","slug":"hyundai-life-changes-name-to-fubon-hyundai-life","status":"publish","type":"post","link":"https:\/\/insurance.vincent-chen.com\/en\/hyundai-life-changes-name-to-fubon-hyundai-life\/","title":{"rendered":"Hyundai Life changes name to Fubon Hyundai Life"},"content":{"rendered":"<p>By InsuranceAsia News Staff, InsuranceAsia News | September 18, 2018<\/p>\n<p>Korean life insurer Hyundai Life Insurance has changed its brand name to Fubon Hyundai Life Insurance, following a change in the hierarchy of its large shareholders.<\/p>\n<p><!--more--><\/p>\n<p>In a statement, the company announced that the name change was approved in an ad hoc shareholders\u2019 meeting.<\/p>\n<p>According to the firm, the private placement of new shares worth W300 billion (US$266.5 million) increased the stake of Taiwan\u2019s Fubon Life Insurance from 48.62% to 62.4%.<\/p>\n<p>This makes it the single-largest shareholder in the life insurer, previously Green Cross Life, that Hyundai Motor Group acquired in 2012.<\/p>\n<p>To note, Fubon Life became a majority stakeholder by acquiring the shares allocated to Hyundai Mobis, which held 30.28% before the new issuance. Hyundai Commercial now owns 20.2% (from its previous 23.37%), while Hyundai Mobis has 16.9%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By InsuranceAsia News Staff, InsuranceAsia News | September 18, 2018 Korean life insurer Hyundai Life Insurance has changed its brand name to Fubon Hyundai Life Insurance, following a change in the hierarchy of its large shareholders.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"off","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9,3],"tags":[],"class_list":["post-153","post","type-post","status-publish","format-standard","hentry","category-korea","category-news"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/posts\/153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/comments?post=153"}],"version-history":[{"count":1,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/posts\/153\/revisions"}],"predecessor-version":[{"id":154,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/posts\/153\/revisions\/154"}],"wp:attachment":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/media?parent=153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/categories?post=153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/tags?post=153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}