Country: South Korea Page 26 / 31
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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.
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- October 24 2016
Korean insurers urged to improve risk controls
With global uncertainties such as protracted low interest rates, new measures are needed.
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- October 21 2016
Korean pensioners try cat bonds
A Korean pension fund has become the first financial institution in the country to invest in catastrophe bonds.
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- October 20 2016
Hanwha Life acquires 4.1% stake in Lending Club
Investing in the world’s largest peer-to-peer lender is part of an effort to enhance its fintech capabilities.
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- October 14 2016
Samsung shows how not to do a recall
The Korean company's botched response to its exploding Note 7 smartphone provides a lesson in managing crises.
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- October 13 2016
Korean firms to face sluggish growth in 2017
Persistent low interest rates, weak economic growth and an ageing population are to blame.
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- October 12 2016
Koreans spend W100tn on social insurance
Costs last year increased 6.3% from the preceding year, according to the Korea Employers Federation.
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- October 10 2016
New payback scheme for savings insurance in South Korea
New scheme begins with completion of insurance premium payment.
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- September 13 2016
Korean savings fund to invest US$40M in cat bonds
The Public Officials Benefit Association will choose at least two asset management firms to commit the funds.
