David Blecken
Aug 10, 2009

Kyobo-Axa appoints TBWA to Korean creative account

SEOUL - Kyobo-Axa, the Korean arm of the French global insurance conglomerate Axa, has appointed TBWA to handle its domestic creative account, after a pitch that included incumbent Phoenix Ad, Welcomm Publicis and Grape Communications in the final round.

Kyobo-Axa appoints TBWA to Korean creative account
The account is estimated to be worth $15 million over the next eighteen months. The insurance firm is reportedly looking to re-brand itself as Axa Direct upon termination of the Kyobo licence in December.

Sources close to the account have also indicated that the company is looking for a new creative direction. The current campaign features the company’s chief executive, Guy Marcillat, as the principal endorser.

Kyobo-Axa is Korea’s leading direct car insurance company, holding around 26 per cent of the market. Axa entered Korea in 2007 with the acquisition of Kyobo, a domestic car insurer.

The first campaign under the new partnership is expected to roll out in October and run until the end of the year.

Source:
Campaign Asia

Related Articles

Just Published

1 day ago

Google cuts 200 jobs in a core business unit

The redundancies are in a department responsible for sales and partnerships and part of a broader cost-cutting move as Google invests $75 billion in AI and data centres.

1 day ago

Why sports marketing should lean into intimate, ...

In a world shaped by Gen Z and hyper-local engagement, the winning brands aren’t the loudest—they’re the ones that create authentic experiences that foster belonging and build trust.

1 day ago

Is AI financially beneficial for agencies?

AI promises speed, efficiency—and fewer billable hours. So why are ad agencies investing millions in a tool that threatens their bottom line? Campaign Red digs into the tension between progress and profit.

1 day ago

How Want Want cracked Japan’s competitive confection...

Campaign speaks to Tony Chang of the iconic Taiwanese food brand to learn about the brand’s strategy in penetrating the Japanese market, and the challenges of localisation.