Country: South Korea Page 33 / 35
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- February 15 2016
Korean firms post 13.3% earnings rise in 2015
The double-digit growth was attributed to increased non-operating profits and investment-related earnings.
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- February 5 2016
Korea regulator probes alleged premium cartel
Four mid-sized insurance firms are accused of colluding to increase car insurance premiums.
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- February 1 2016
Samsung Life buys US$1.27bn Samsung Card stake
The acquisition raises its stake in the credit card business to 71.8%, the two companies said in a disclosure.
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- January 28 2016
Hanwha Life targeting global expansion
The Korean insurer met with global leaders at Davos to discuss its plans for overseas growth.
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- January 27 2016
Chubb names country heads for HK, Singapore, Korea
The announcement is part of a re-branding after the acquisition by ACE, which closed this month.
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- January 25 2016
Korea ready to ink US$2bn insurance deal with Iran
The deal follows the removal of Iranian sanctions by the US and other western nations.
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- January 15 2016
AIA Korea names new CEO
The appointment of Cha Tae-jin comes just five months after he joined AIA as vice-president of sales.
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- December 31 2015
Korean life firms acquire solar power project in Japan for US$172m
Kyobo Life, Heungkuk Life and Hanwha Life, acquire 41.3MW solar project in Kagoshima
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- December 15 2015
SGI plans aggressive expansion abroad
Korea's biggest provider of surety and trade credit insurance is looking to grow in SE Asia.
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- December 14 2015
Foreign insurers in Korea hit by heavy Q3 losses
Continued poor performances fuel rumours that global insurers will pull out of the market.
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- December 11 2015
Financial status of Korean insurers improves in Q3
Improvement attributed to higher returns from bond investments amid lower interest rates.
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- December 9 2015
Prudential planning to sell PCA Life Korea
The British insurer is reportedly selling its Korean unit as part of an Asian restructuring.
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- December 8 2015
Fubon gets green light to buy stake in Hyundai Life
Korea's Financial Services Commission has approved the purchase of a 48% stake.
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- December 7 2015
Korea’s online car insurance competition heats up
A new online insurance supermarket is creating fierce competition among car insurers.
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- November 26 2015
Korean online insurance supermarket to launch next week
The Insurance Damoa website will let customers compare different insurance plans online.
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- November 20 2015
Premiums for luxury cars in Korea to rise by up to 15%
The highest increase will apply to 38 imported models, including most BMW and Mercedes vehicles.
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- November 19 2015
Korean insurers post 17.3% income rise
The country's financial watchdog said the results were driven by robust investment gains.
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- November 12 2015
Korea to provide more trade insurance perks
The scheme, which is aimed at SMEs, is part of an attempt to stimulate falling exports.
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- October 27 2015
Korean insurer targets top slot through training
"Innovation School" and other initiatives aimed at fostering the world's top insurance company.
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- October 26 2015
Samsung Bank China Life begins operation
New shareholder Bank of China allows Korean insurer to operate life businesses in China.
