Country: South Korea Page 19 / 29
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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.
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- May 22 2019
Korean Re targets faster global growth
The opening in Switzerland makes long term sense for a reinsurer with global ambitions.
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- May 22 2019
Korean Re opens in Switzerland
The reinsurance giant is looking to diversify outside its home country.
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- May 20 2019
Korean companies urged to target foreigners
The country's 1.7m foreigners is an opportunity to offset stagnating birth rate.
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- May 6 2019
Samsung F&M takes stake in Canopius
Samsung Fire & Marine will become a "significant" minority shareholder in the specialist (re)insurer.
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- April 19 2019
Munich Re appoints Michael Hauer as Korea CEO
Hauer, a senior Munich Re exec, will relocate from Singapore to Seoul.
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- April 17 2019
Korea’s life association seeks further IFRS 17 delay
South Korean firms would like another delay beyond January 2022.
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- April 9 2019
Troubled Anbang sells Korean asset managers
State-controlled Chinese giant has sold assets to Korea's Woori Financial Group.
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- March 27 2019
Hanwha Life appoints M&A specialist co-CEO
South Korean firm has appointed deal-maker Yeo Seung-joo into the role.
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- March 13 2019
Samsung Life eyes stake in Vietnam’s largest life firm
Samsung Life is reportedly seeking a 20% stake in Bao Viet Life.
