Country: South Korea Page 1 / 12
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- April 1 2020
Korea’s Shinhan to merge life units in top three push
The consolidation will take place in the second half of 2021.
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- March 31 2020
KDB Life won’t face fine and expects potential buyers
The Korea Development Bank is in the process of selling the insurer for the fourth time since 2014.
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- March 26 2020
KB Financial likely acquirer of Prudential Life Korea
The US$1.8bn move would send a sign to rival Shinhan Financial, who acquired ING Life last year.
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- March 23 2020
Covid-19 compounds South Korea’s P&C challenges
The market has been under pressure for years with poor growth and underwriting results.
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- March 20 2020
Asia’s life players face major headwinds
Chinese and South Korean firms are particularly exposed to the economic uncertainty.
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- March 17 2020
Prudential Life Korea sale set for three-way tussle
The main bidding will take place later this week.
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- March 13 2020
Hyundai Insurance China’s US$158m sale approved
Didi Chuxing and Legend Holdings are behind the moves for the P&C (re)insurer.
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- March 3 2020
Consumer group lobbies against PE bids for Prudential Life Korea
MBK Partners, Hahn & Company and IMM Private Equity are in the running to acquire Prudential.
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- February 25 2020
Korean Re adds Colombia office after Shanghai opening
The reinsurer is on a global expansion drive and joins other majors in Bogota.
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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.
