Korean Reinsurance Company, Ltd. http://www.alacrastore.com/company-snapshot/Korean_Reinsurance_Company_Ltd-515370 Friday, September 05, 2008 6:01:11 AM 515370 Korean Reinsurance Company, Ltd. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/650894spcred/650894normThe latest Full Report from S&Pglobal5/29/2008 4:24:17 AM400Full Report650894KoreaReinsuranceAsiaEmerging MarketsGlobal IssuersInsuranceFull ReportExtremely strong position in the Korean reinsurance market Stable operating performance Good quality investments Relatively moderate capitalization compared to its international peers Weak position in the global reinsurance market Aggressive business expansion strategy The ratings on Korean Reinsurance Co. (Korean Re; A-/Stable/--) are based on the company's extremely strong domestic market position, stable operating performance, and good quality investments. The constraining factors are its relatively moderate capitalization compared to its international peers, its weak position in the global reinsurance market, and its aggressive business expansion strategy. Korean Re is the only domestic reinsurance company in Korea, affording it a very strong competitive position. The company had enjoyed a statutory monopoly of local market proportional treaties, but this monopoly was abolishedKOR40301050 403010 4030 40Korean Reinsurance Co.314092ASIAEMERGING0369@KSFULLGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/650895spcred/650895normThe latest Summary from S&Pglobal5/29/2008 4:24:17 AM175Summary650895KoreaReinsuranceAsiaEmerging MarketsGlobal IssuersInsuranceSummaryThe ratings on Korean Reinsurance Co. (Korean Re; A-/Stable/--) are based on the company's extremely strong domestic market position, stable operating performance, and good quality investments. The constraining factors are its relatively moderate capitalization compared to its international peers, its weak position in the global reinsurance market, and its aggressive business expansion strategy. Korean Re is the only domestic reinsurance company in Korea, affording it a very strong competitive position. The company had enjoyed a statutory monopoly of local market proportional treaties, but this monopoly was abolished in 1997. Nevertheless, it maintains a market share of about 65% in the domestic reinsurance market, mainly as a result of the company's efforts to provide reasonable rates and appropriate reinsurance coverage. KoreanKOR40301050 403010 4030 40Korean Reinsurance Co.314092ASIAEMERGING0369@KSSUMMARYGLOBISSINSCredit & Investment ResearchS&P Credit Research