Browsing: Financial Services Commission

Woori Financial Group receives conditional approval from FSC to incorporate Dongyang Life Insurance and ABL Life Insurance as subsidiaries

The Financial Services Commission (FSC) is conducting a thorough review of Woori Financial’s acquisition plans following a loan scandal and concerns about internal controls, as Chairman Yim Jong-yong offers a public apology.

The Financial Services Commission is working to find the best solution for MG Non-Life Insurance Co., which faces potential liquidation.

South Korean insurance companies are set to expand their business ventures into healthcare, medical care, and services for companion animals.

The Financial Services Commission will introduce Tontin Insurance, a new pension insurance product, to enhance the social safety net and address the challenges of an aging population.

The Financial Services Commission (FSC) is expanding the business scope for insurance companies, encouraging them to explore new markets and products to adapt to demographic shifts and technological advancements.