South Korea

Kyobo Life to issue $500m hybrid bonds

The 30-year bonds will all be sold to offshore investors.

Kyobo Life to issue $500m hybrid bonds

The 30-year bonds will all be sold to offshore investors.

South Korea insurance industry profits fell by 21% in Q1

Net profits for all 53 major insurers totaled $2.45b.

Samsung Life net profits plunges by 72.9%

The insurer saw losses grow by $170m compared to last year.

Robots gets insurance cover in South Korea

It can cover almost every accident caused by service robots.

Hanwha Life Insurance Q1 net profits drops by 70.6%

The insurer is considered the second biggest life insurer in South Korea.

FSS to take tougher measures on screening of suspicious insurance cases

The South Korean regulator said this is to reduce fraud in the industry.

South Korean motor insurers turns profit for the first time in four years

The pandemic played a huge role in this for motor insurers.

South Korea life insurance industry to reach $117b in 2026

Its growth will be driven by product innovations by insurers.

Kakao gets regulator nod for digital insurance business

This marks the first time a newcomer has been allowed to launch.

South Korean insurers 2021 preliminary income balloons to $6.8b

This is a 36.2% growth compared to the previous year. 

KB Financial Group to merge life insurance subsidiaries

The insurers merging are KB Life Insurance and Prudential Life Insurance of Korea.

FSC slaps KR₩155m fine to Samsung Life over unpaid insurance claims

FSC found the insurance firm in violation of the Insurance Business Act.

South Korea premiums to swell to $229.5b by 2025

Life segment to revive in 2022, driven by increased awareness.

South Korea’s KDIC sells stake at Woori Financial for $765m

The 67.9 million shares were sold to five investors, including Eugene PE.

South Korea’s Kyobo Life requests punishment for Deloitte Anjin accountants: report

They are accused of colluding to inflate the price of six million shares.

Kyobo Life to go public by H1 2022

The insurer also plans to become a financial group.