Entering the U.S. securities industry as the first Korean insurance company
Delivers 25% CAGR in Revenue Over the Past Three Years… Proves Business Growth and Stability in the U.S. Stock Market
Strengthening U.S. market competitiveness through global financial synergy with the U.S. affiliate and Hanwha AI Center
SEOUL, South Korea and NEW YORK, July 31, 2025 /PRNewswire/ -- Hanwha Life, South Korea's first life insurance company, has officially completed the acquisition of a 75% stake in U.S.-based global financial services firm Velocity Clearing, LLC on July 30 (EST). The majority of the stake acquired was owned by an affiliate of Cerberus Capital Management, L.P. The deal marks a bold strategic move into the North American capital markets—beyond Hanwha Life's traditional insurance business.
With this transaction, Hanwha Life becomes the first Korean insurance company to acquire a U.S. securities firm, "the center of the global capital markets." The acquisition establishes a platform for Hanwha Life to enhance its profitability through a local U.S. financial company and provide high-quality global financial products to global clients.
Velocity Clearing, LLC, a global financial services firm based in New York, manages the post trade service, including clearing and settlement. As of the end of 2024, the firm held approximately USD 1.2 billion in total assets, with a compound annual growth rate (CAGR) of 25% in revenue over the last three years (2022~2024). The net income is also increasing steadily, with continued profitability expected after the acquisition.
Working closely with Velocity Clearing, LLC, under its existing leadership, the company aims to ensure early operational stability while building strategic synergies with its U.S. asset management affiliate, Hanwha Asset Management (USA) Ltd. and the Hanwha AI Center (HAC), located in San Francisco. This collaboration will combine financial expertise with the advanced AI capabilities to strengthen Hanwha Life's competitive edge in the U.S. market.
Hanwha Life representative said, "This transaction represents a significant step for Korean finance to establish a presence in the key financial center, the U.S. capital markets. Moving forward, we will continue to strengthen our global business by leveraging digital financial technologies and our global network to ensure sustainable, long-term growth."
Michael Logan, CEO of Velocity Clearing, stated, "With Hanwha Life's global vision and support, we expect to accelerate our growth and unlock new opportunities together for our clients. We're excited about the powerful synergies ahead."
Brian Schaeffer, president of Velocity Clearing, said, "This partnership with Hanwha Life is client driven, allowing Velocity Clearing to further accelerate its product and geographic expansion."
Lee Millstein, Chairman of Global Real Estate for Cerberus, stated, "We're proud to have supported Velocity Clearing through an exciting period of growth, and Hanwha Life is well-positioned to build on that momentum in the company's next chapter."
About Hanwha Life
Established in 1946 as Korea's first life insurance company, Hanwha Life has over 78 years of experience and reported total consolidated assets of USD 108.9 billion (KRW 160.2 trillion) as of the end of 2024. While maintaining leadership in the insurance sector, Hanwha Life is accelerating its transformation into a global financial group through innovation and strategic overseas expansion. The company continues to expand its global financial ecosystem by pursuing regionally tailored strategies and strengthening its digital capabilities. By building strong global partnerships, Hanwha Life aims to become a trusted global financial brand that delivers comprehensive and sustainable financial solutions.
About Velocity Clearing
Velocity Clearing is a technology-driven, self-clearing broker/dealer providing execution services, clearing, and custody along with access to stock locate services, securities lending, competitive financing, and a firm-wide focus on world-class customer service. Velocity Clearing supports retail traders and institutional clients including brokers/dealers, hedge funds, family offices, and proprietary trading firms in the United States and across the globe. With a growing team of professionals in multiple locations throughout the United States and across the globe, Velocity has the right combination of resources and people to provide seamless and reliable service to clients. Velocity Clearing is registered with the SEC and a member of FINRA and SIPC.
Hanwha Life
Erin Jundef
erin@bospar.com
Velocity Clearing
Rich Myers
Velocity@profileadvisors.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Hanwha Life Completes Acquisition of U.S.-Based Velocity Clearing, LLC, Becoming the First Korean Insurer to Signal a Bold Expansion into North American Capital Markets
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SUBANG JAYA, Malaysia, Jan. 21, 2026 /PRNewswire/ -- ViewSonic Corp., a leading global provider of visual solutions, has introduced the XG2738-2K-OLED, a new 27-inch monitor in the ViewSonic Gaming lineup. Designed for both competitive and immersive gameplay, it combines a 2K QD-OLED panel with high-speed performance and the ViewSonic OLED Care anti-burn-in solution to deliver long-term panel reliability.
The XG2738-2K-OLED features a 240Hz refresh rate and an ultra-fast 0.03ms GTG (Gray to Gray) response time, ensuring smooth motion and precise clarity during fast-paced action. A dedicated 24.5-inch esports mode further optimizes visibility and contrast for competitive gaming environments.
ViewSonic OLED Care for Enhanced Long-Term Protection
To support long-term panel performance, the XG2738-2K-OLED includes the ViewSonic OLED Care suite, a set of anti-burn-in solutions that help minimize image retention over time. Core protections such as OLED Screen Movement, OLED APL (Average Picture Level), and Static Icon Detection operate automatically during everyday use, while OLED Image Cleaning can be activated by the user for on-demand maintenance.
Together, these features help protect the panel throughout prolonged gaming sessions while maintaining consistent brightness, color accuracy, and overall visual quality.
QD-OLED for Vivid and Consistent Visuals
Powered by QD-OLED (Quantum Dot OLED) technology, the display delivers deep contrast, vibrant color reproduction, and uniform image quality across wide viewing angles. This enables clean, detailed visuals in both high-speed competitive titles and visually rich AAA games.
With advanced panel performance, competitive-grade speed, and reinforced durability, the XG2738-2K-OLED sets a new benchmark for mid-sized QD-OLED gaming monitors, providing an uncompromising experience for both competitive players and graphics enthusiasts alike.
The XG2738-2K-OLED gaming monitor is now available in Asia. Product availability and pricing may vary by country.
For more information, please see the XG2738-2K-OLED.
ViewSonic XG2738-2K-OLED Gaming Monitor
- Get immersed in vibrant visuals with the 2K QHD resolution QD-OLED panel
- Experience smooth gameplay with the 240Hz refresh rate and rapid up to 0.03 (GTG) response time
- Scale down from 27-inch to a laser-focused 24.5-inch esports setting built for competitive precision
- Enjoy tear-free gaming with NVIDIA G-Sync compatibility and AMD FreeSync Premium
- Marathon your sessions in comfort with the ergonomic design and Eye ProTech software
SUBANG JAYA, Malaysia, Jan. 21, 2026 /PRNewswire/ -- ViewSonic Corp., a leading global provider of visual solutions, has introduced the XG2738-2K-OLED, a new 27-inch monitor in the ViewSonic Gaming lineup. Designed for both competitive and immersive gameplay, it combines a 2K QD-OLED panel with high-speed performance and the ViewSonic OLED Care anti-burn-in solution to deliver long-term panel reliability.
The XG2738-2K-OLED features a 240Hz refresh rate and an ultra-fast 0.03ms GTG (Gray to Gray) response time, ensuring smooth motion and precise clarity during fast-paced action. A dedicated 24.5-inch esports mode further optimizes visibility and contrast for competitive gaming environments.
ViewSonic OLED Care for Enhanced Long-Term Protection
To support long-term panel performance, the XG2738-2K-OLED includes the ViewSonic OLED Care suite, a set of anti-burn-in solutions that help minimize image retention over time. Core protections such as OLED Screen Movement, OLED APL (Average Picture Level), and Static Icon Detection operate automatically during everyday use, while OLED Image Cleaning can be activated by the user for on-demand maintenance.
Together, these features help protect the panel throughout prolonged gaming sessions while maintaining consistent brightness, color accuracy, and overall visual quality.
QD-OLED for Vivid and Consistent Visuals
Powered by QD-OLED (Quantum Dot OLED) technology, the display delivers deep contrast, vibrant color reproduction, and uniform image quality across wide viewing angles. This enables clean, detailed visuals in both high-speed competitive titles and visually rich AAA games.
With advanced panel performance, competitive-grade speed, and reinforced durability, the XG2738-2K-OLED sets a new benchmark for mid-sized QD-OLED gaming monitors, providing an uncompromising experience for both competitive players and graphics enthusiasts alike.
The XG2738-2K-OLED gaming monitor is now available in Asia. Product availability and pricing may vary by country.
For more information, please see the XG2738-2K-OLED.
ViewSonic XG2738-2K-OLED Gaming Monitor
- Get immersed in vibrant visuals with the 2K QHD resolution QD-OLED panel
- Experience smooth gameplay with the 240Hz refresh rate and rapid up to 0.03 (GTG) response time
- Scale down from 27-inch to a laser-focused 24.5-inch esports setting built for competitive precision
- Enjoy tear-free gaming with NVIDIA G-Sync compatibility and AMD FreeSync Premium
- Marathon your sessions in comfort with the ergonomic design and Eye ProTech software
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
ViewSonic Debuts New Gaming Monitor with QD-OLED Panel and Enhanced Anti-Burn-In Features
ViewSonic Debuts New Gaming Monitor with QD-OLED Panel and Enhanced Anti-Burn-In Features
