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Core Viewpoint - National Pension Insurance Co., Ltd. plans to raise funds through a capital increase project to supplement its core tier 1 capital, with a maximum of 471 million shares to be issued [1][2] Group 1: Capital Increase Details - The company aims to raise funds corresponding to no more than 471 million shares and will seek up to five investors, with existing shareholders not participating in this capital increase [2] - This is the second capital increase since the company's establishment, following the introduction of Allianz Global Investors as a strategic investor earlier this year [2] Group 2: Financial Performance - As of the second quarter of this year, the company's core solvency adequacy ratio was 590.78%, and the comprehensive solvency adequacy ratio was 603.72% [2] - In the first half of this year, the company achieved insurance business revenue of 1.539 billion and a net profit of 204 million [2] Group 3: Industry Trends - The insurance industry is experiencing pressure on solvency due to declining interest rates, necessitating external capital supplementation through shareholder increases and debt issuance [3] - As of October 19, 2023, a total of 12 insurance companies, including National Pension, have been approved for capital increases, amounting to 14.639 billion [4] Group 4: Future Capital Supplementation - The demand for capital supplementation in the insurance sector is expected to remain strong, driven by business development speed and macroeconomic conditions [4] - Future capital supplementation methods are anticipated to become more diversified and market-oriented, combining internal accumulation with external financing [5]