Despite a 90 trillion won jackpot from investments made by Samsung Life Insurance, the company has failed to distribute promised dividends to its policyholders over the past 40 years.
Forty years ago, over 1.48 million policyholders trusted Samsung Life Insurance’s promise to distribute 90% of investment profits as dividends, investing their premiums into Samsung Electronics stocks worth approximately 500 billion won at the time. The investment has now exploded to about 90 trillion won, but the total dividends paid out to policyholders over the past four decades amount to a mere 39 billion won, with the last payout in 2022 being only 14.5 billion won. Samsung Life claims that there is 'no money to pay' the remaining dividends, creating significant frustration among policyholders who feel cheated by the company’s failure to live up to its promises.
