Country: South Korea Page 20 / 26
-
- April 21 2017
Kyobo Life joins Korea’s insurance blockchain project
The project will develop and implement an automatic payment system for small claims to policyholders.
-
- April 20 2017
High dividends draw investors to ING Life’s US$1.2bn IPO
The listing, which will be Korea’s second-largest IPO so far this year, is scheduled for the second week of May.
-
- April 4 2017
New reporting standards to bring more investors to Korea
The introduction of IFRS 17 will make the country's insurers more comparable with global peers.
-
- March 20 2017
Regulator lowers punishment against CEOs of Korean insurers
FSS says the penalty against the CEOs is now a precautionary warning, or a notch lower than the one previously announced.
-
- February 22 2017
Korea’s insurers post net income decline in 2016
Results were dragged down by a lacklustre performance from life firms, according to FSS.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
