Country: South Korea Page 18 / 24
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- February 14 2017
ING Life Korea seeks listing approval
The Korean life insurer is seeking approval for an initial public offering, according to an exchange official.
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- February 6 2017
Former KIDI chairman to lead Allianz Life Korea
Kim Soo-bong will make a comeback to the insurance industry as vice-president level auditor.
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- February 2 2017
ING Life Korea head secures another term
Cheong Mun-kuk will serve for another three-year term and oversee IPO planned for May.
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- January 31 2017
S Korean insurers post 34.3% rise in online sales
Non-life firms sales had risen to a total of W1.4 trillion (US$1.19 billion) in 2016.
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- January 27 2017
Samsung Life’s 2016 net profits hit US$1.83bn
However, excluding a one-time profit, actual net profits slightly declined from a year earlier.
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- January 24 2017
Korea mulls revision of health insurance programme
The country's Ministry of Health and Welfare is proposing to reduce fees by as much as half.
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- January 23 2017
Hanwha Life opens local HQ in Jiangsu province
The Korean company entered China in 2012, in partnership with Zhejiang International Trade Group.
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- January 10 2017
Auto market to drop 70% say Korean researchers
A study by the Korea Insurance Research Institute forecasts a steep decline in developed countries.
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- January 5 2017
Korea will make fourth attempt at KDB Life sale
Sources say that KDB has extended the maturities of two funds created to look for a new buyer.
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- December 22 2016
ING Life among 20 firms to go public in Korea in 2017
Korea's fifth-largest insurer by assets is expected to join about 20 companies going public during the second half.
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- November 28 2016
Korea to enforce stricter monitoring on insurers
Unfair and irregular sales activities will be targeted, with plans to impose sanctions against violating insurers.
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- November 23 2016
AIG loses on Fuji Life, gains on Seoul finance centre
The expected US$30m loss on the Fuji sale will be cushioned by a deal to sell the Seoul IFC.
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- November 21 2016
Hanwha’s Vietnam strategy finally pays off
For the first time since launching in the country, the Korean insurer has posted a profit.
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- November 18 2016
Korean authorities brace for new accounting rule
The International Accounting Standards Board is setting a schedule for the introduction of IFRS 4 Phase II.
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- November 17 2016
AXA to strengthen general insurance presence in Korea
The French group says that it plans to pour in W25b (US$21.4m) into its Seoul-based subsidiary.
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- November 14 2016
Prudential sells Korean insurance business to Mirae
The UK insurer announced on its website that it has agreed to sell 100% of PCA Life for US$146m.
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- November 8 2016
ICIEC, K-sure agree on mutual cooperation
The partnership comes at a time when Korean companies are increasingly investing in ICIEC member countries.
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- November 7 2016
Korean insurers post stellar earnings in Q3
Samsung Fire & Marine and Dongbu have profited from big-data analysis of clients' driving habits.
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- November 2 2016
Korean life insurers cut workforce amid profit decline
The layoffs are primarily geared toward cutting costs in an environment of low interest rates.
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- October 26 2016
Profits up for Korea’s non-life insurers
A solid performance in the auto insurance segment boosts hope amid lingering low interest rate environment.
