Phnom Penh, July 08, 2026, Woori Bank and Daiichi Life celebrate the first anniversary of their bancassurance partnership, reflecting a shared commitment to empowering more Cambodian families through greater access to financial protection.
In just one year, the partnership has helped protect more than 2,200 customers and their families, with a total sum insured exceeding USD 18 million. Beyond these figures are real people and families who now have greater confidence and support in preparing for life’s uncertainties.
Since the launch of the partnership, both companies have worked closely to combine Woori Bank’s trusted customer network with Daiichi Life’s protection expertise, creating more convenient access to life insurance solutions for customers across Cambodia. Moving forward, both organizations remain committed to expanding their reach and bringing protection solutions to more customers.
To better meet customers’ evolving needs, the partnership has recently expanded its product portfolio to include comprehensive solutions ranging from life and credit protection to healthcare coverage, notably the new SMARTCare Medical plan.
Commenting on the milestone, Mr. Ju Sug Kang, CEO of Woori Bank Cambodia, added, “This partnership enables us to go beyond core banking services by providing our customers with more comprehensive solutions to support their financial journeys. Together with Daiichi Life, we can better respond to customers’ evolving needs and provide a more complete financial experience. We look forward to strengthening this partnership and creating even greater value for our customers and communities across Cambodia.”
Mr. Mah Kin Yoong, CEO of Daiichi Life, said, “We are proud of the dedication and teamwork behind this milestone. Together with Woori Bank’s management and team, we remain committed to supporting the Insurance Regulator of Cambodia and the National Bank of Cambodia’s efforts to advance financial inclusion through bancassurance. We look forward to further strengthening this partnership and bringing financial protection closer to more Cambodian families.”
About Woori Bank (Cambodia) Plc.
Woori Bank (Cambodia) Plc. is one of the fastest-growing commercial banks in Cambodia, backed by over 30 years of experience in delivering diverse financial services nationwide. Following its official transition to a full-fledged commercial bank in January 2022, the bank has rapidly expanded its footprint.
As of December 2025, the bank operates 140 branches, employs more than 3,500 staff, and serves over 550,000 customers across the country. Woori Bank maintains a robust financial position, boasting a total asset value of $1.3 billion USD, a loan portfolio exceeding $1 billion USD, and customer deposits reaching $739 million USD.
Woori Bank (Cambodia) Plc. is a wholly owned subsidiary of Woori Bank (Korea), a leading South Korean commercial bank established in 1899. Supported by a vast global network spanning 24 countries and 466 branches worldwide, the parent company is a key affiliate of Woori Financial Group. As of December 2025, Woori Financial Group boasts total assets of $462.7 billion USD alongside highly stable credit ratings, including A+ from S&P, A1 from Moody’s, A from Fitch, and AAA—the highest possible grade in South Korea.
“Woori Bank, Your Smart Choice in Finance!”
About Daiichi Life
Daiichi Life Insurance (Cambodia) PLC. (“Daiichi Life Cambodia”) is a rapidly growing life insurer in Cambodia in just over 7 years and has been recognized as “International Life Insurer of the Year – Cambodia” for 2 consecutive years, 2023 and 2024. The company has also been named the “Best Companies to Work for in Asia” and “Most Caring Company” for 2024 by HR Asia. Daiichi Life Cambodia is a subsidiary of Daiichi Life Holdings, Inc. (“DLHD”), a leading Japanese life insurer with over 123 years of experience, and a listed company on the Tokyo Stock Exchange.
Founded in 1902, DLHD has always been committed to partnering with all stakeholders to create a brighter future for all. The company brings the same commitment to Cambodia by offering tailored life insurance solutions designed to meet your needs. As your lifetime partner, they are here to support your financial well-being for life.
At Daiichi Life Cambodia, their core values – We care, We do what’s right, We innovate – guide every business decision they make.
*Daiichi Life Group has strong fundamentals, solid capital base with total assets of USD464.3 Billion and the Premium and other income of USD45.3 Billion. (As of 31st March 2025)
