Sumsung Air China Life Insurance Co.,Ltd.

Samsung Air China LIfe Insurance Co. was set up in July, 2005 in joint venture with Air China on 50:50 basis and its operations have been expanding year after year since its opening. The joint venture company’s sales skyrocketed to 45.9 billion won in 2009 from just 7.4 billion won in 2007. Insurance premium receipts rose sharply during the period also from 6.8 billion won in 2007 to 40.5 billion won in 2009.