Browsing: South Korea

The Life Insurance Association and the Non-life Insurance Association jointly donated 100 million won to the Korean Red Cross to aid areas affected by recent forest fires.

The Financial Services Commission (FSC) has given the green light for Samsung Life Insurance to integrate Samsung Fire & Marine Insurance as a subsidiary.

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

The Financial Services Commission (FSC) is allowing insurance companies to diversify their business offerings to respond to demographic shifts, climate change, and technological advancements.

Several South Korean insurance companies are issuing capital-backed securities this week, despite potential future changes in capital requirements from financial authorities.

Fitch Ratings maintains a stable outlook for Kyobo Life Insurance, citing improved profitability and capital strengthening efforts.

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.

South Korean badminton star Ahn Se-young has captured the All England Open title, defeating Wang Zhi of China and further cementing her position at the top of the women’s singles rankings.

A new report highlights the expansion of the South Korean life and non-life insurance market, fueled by demographic shifts, technological advancements, and evolving consumer needs.

New system will allow those over 65 to use death insurance funds for pensions or medical care services, addressing the rise in single-person households.