Founded in 2002. a joint venture between BNP Paribas Cardif and Shinhan Financial Group. Today, it is about 85% owned by BNP Paribas Cardif and about 15% by Shinhan Bank after its disaffiliation from Shihan Financial Group in June 2009. BNP Paribas Cardif Life Insurance has built a unique position in the South Korean bancassurance market by showing the continuous growth with diversified products and channels.