Country: South Korea Page 1 / 12
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- February 24 2020
Korea’s KDB to be fined if life business unsold by March
The life player is on the market for the fourth time.
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- January 21 2020
Samsung due for reshuffle; life CEO may step down
The Korean conglomerate conducts an annual reshuffle of its leadership.
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- January 20 2020
PE players, KB and Fubon bid for Prudential Life Korea
The sale is valued at an estimated US$1.7bn.
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- January 16 2020
Korean Re targets China with Shanghai branch
The reinsurer will further its presence in the world's second largest market.
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- January 6 2020
Will Asia’s markets hum in 2020?
The fundamentals are strong despite increasing uncertainty.
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- January 6 2020
Major banks interested in Prudential Life Korea: report
Sale of the life player could be the largest South Korean M&A deal of year.
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- November 29 2019
Prudential Financial eyes South Korea life sale: report
A potential deal could be worth US$1.7bn.
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- November 28 2019
South Korea’s insurers braced for tough 2020: Fitch
Domestic players are bracing for a challenging 2020, after a fiscally difficult 2019 so far.
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- October 24 2019
Samsung Fire & Marine eyes start-up with Kakao
It is understood the digital player will focus on travel, pet and ride-sharing coverage.
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- October 11 2019
South Korea’s FSC to delay IFRS17
The country's regulatory body will delay by one year the adoption of the new global accounting standards.
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- October 9 2019
Korea’s Kyobo Life to grow global assets
Korea's third-largest life insurer to increase international investment as bond yields fall.
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- September 30 2019
KDB Life on market for fourth time
State-owned KDB says timing is right to attempt another sale of its life unit.
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- September 26 2019
Fubon Life acquires 4% stake of Woori Financial
Major unit of Taiwanese financial services provider makes Korean purchase for US$300 million.
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- September 26 2019
Global groups request another IFRS 17 delay
Insurers worldwide seek more time to implement the already-postponed adoption of IFRS 17.
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- September 23 2019
Typhoon Tapah lands in Korea, threatens Japan
The market will be on high alert as typhoon season continues.
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- August 28 2019
South Korea’s majors under pressure
Fitch warns on credit stability in a slow growth and low interest environment.
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- August 14 2019
South Korean firm could buy Anbang’s hotels: report
The Mirae Asset Financial Group is understood to be in pole position for a US$5.5bn US luxury hotel group.
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- July 15 2019
Munich Re hires Chubb exec in Korea
Kyungsuk Lee has joined the global reinsurer's life division in South Korea.
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- July 8 2019
Korean Re begins Swiss venture with S&P ‘A’ rating
The new office in Zurich is off to a good start which the reinsurer wants to be a major international hub.
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- July 1 2019
Korean capital rule is on schedule
Grace period will help South Korea's insurers meet more capital requirements.
