Country: South Korea Page 1 / 33
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- March 20 2026
Hana Financial, Korea Investment, JC Flowers finish due diligence on Yebyeol Insurance ahead of main bid
Korea Deposit Insurance Corporation will review the management plans submitted by the three candidates before choosing a preferred negotiating party.
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- March 11 2026
West P&I strengthens Korean presence with new consultancy agreement
WIK Marine Consultant's director S. R. Kim has been appointed as West P&I’s representative in South Korea.
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- March 9 2026
Lotte Non-Life faces capital plan review as JKL accelerates sale
Financial Services Commission directs South Korean carrier to submit a new capital improvement plan within two months, having rejected an earlier proposal.
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- February 16 2026
Korea Investment shortlists 3 targets for insurance market entry: report
Non-banking financial services holding company eyes insurers Yebyeol Non-Life, Lotte Non-Life and KDB Life.
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- February 12 2026
Markel names John Bang as head of South Korea and Japan
Markel says the the newly created role reflects its commitment to expand in the key markets.
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- February 8 2026
South Korean trio explore India insurance expansion: reports
Samsung Fire & Marine and Hyundai Marine & Fire are reported to be primarily studying non-life opportunities, while Mirae Asset is focusing on life insurance.
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- January 30 2026
South Korean deposit insurer picks trio of bidders for Yebyeol Non-Life
Hana Financial Group, Korea Investment Holdings, and private equity firm JC Flowers were earlier identified as suitors for the South Korean carrier.
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- January 29 2026
South Korean financial regulator rejects Lotte’s management improvement plan, complicating sale efforts: reports
Rejection follows Financial Services Commission's prompt corrective action issued in November, which the company attempted to overturn through legal action.
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- January 29 2026
South Korea’s new core capital may present capital management challenges: Fitch
New requirements that impose stricter capital base requirement will enhance the quality of insurers’ capital and sector resilience, the rating agency said.
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- January 28 2026
K-Sure to provide record US$193bn in trade insurance: report
US$80bn set aside for small and medium-sized firms by the Korea Trade Insurance Corporation (K-Sure) is also the highest ever, according to president Jang Young-jin.
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- January 27 2026
Hana Financial, Korea Investment, JC Flowers lodge bids for Yebyeol Insurance: report
Final bids for the bridge insurer set up to transfer MG Non-Life's policies are scheduled for the end of March.
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- January 14 2026
South Korean insurers to face stricter capital base requirement from 2027
Ratio of core capital, which counts paid-in capital and retained earnings, to required capital will be set at 50% or above.
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- January 12 2026
HDI Global expands in South Korea with new representative office
Ki Hyung Jo will serve as HDI Global's market lead for the country.
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- January 2 2026
Korean broker Wise restructures reinsurance team
Head of reinsurance and speciality Won Lee will head the overall team, supported by Yubeom Kim and Jae Bok Cheong.
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- January 2 2026
Hanwha General Insurance secures controlling stake in Indonesia’s Lippo General Insurance
Korean insurer has increased its shareholding to 61.5% after acquiring a 46.6% stake previously held by Hanwha Life Insurance Indonesia.
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- December 22 2025
SK Telecom facing US$1.5bn compensation payout following cyber breach: reports
South Korea's largest mobile network operator suffered the data breach in April, which impacted its 23 million users.
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- December 17 2025
Discount rate cut lowers capital pressures on South Korean non-life insurers: AM Best
Rating agency expects strengthening of supervision on asset-liability management will enhance the industry’s stability and resilience.
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- December 15 2025
Korean Re to benefit from strongest-level capitalisation, dominant home-market position: AM Best
AM Best affirms its A (Excellent) rating with a stable outlook, citing robust balance sheet strength, strongest‑level capitalisation and solid market leadership.
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- December 9 2025
Not resting on their laurels, people-powered Miller eyes seat at South Korea’s top table
Having begun operations at the start of the year, the specialist (re)insurance broker plans expansion through organic and inorganic growth as it seeks to be among the top three brokers within the next five years, country head David Kim says.
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- December 8 2025
Meritz Fire & Marine faces US$680,000 exposure to Coupang data breach
US-listed Korean retailer is facing class action suits in the US and South Korea following a data leak that compromised information of 34 million customers.
