South Korea

APAC motor insurance market to top US$300bn by 2029, GlobalData forecasts

February 21 2025

China, Japan, Australia, South Korea, and India to be key drivers of growth in the region.

Seoul Guarantee Insurance revises IPO strategy with focus on shareholder returns

February 20 2025

SGI revamps IPO strategy with lower price range and enhanced shareholder returns after withdrawing its initial attempt in 2023.

South Korea issues US$69.5bn in trade insurance support for exporters amidst US tariff threat

February 20 2025

Seoul rolls out massive trade insurance package to shield SME exporters from potential US tariffs and market volatility as it bolsters export competitiveness.

samsung-life-applies-for-regulatory-approval-to-make-samsung-fire-amp-marine-a-subsidiary

Samsung Life applies for regulatory approval to make Samsung Fire & Marine a subsidiary

February 14 2025

Korean insurer says plan aligns with non-life arm's strategy to enhance shareholder value.

Hanwha General Insurance dismisses reports of Carrot Insurance sale

February 13 2025

Carrot has faced financial pressures in recent years.

bdic-to-roll-out-crpyto-insurance-platform-across-apac

BDIC to roll out crypto insurance platform across APAC

February 12 2025

Decentralised crypto insurer sets sights on Q2 launch in Hong Kong, Singapore, Japan, Taiwan, and South Korea.

tong-yang-life-facing-strategic-uncertainty-amid-pending-ownership-change-fitch

Fitch affirms Tong Yang Life's ratings amid uncertainty over ownership change

January 30 2025

CSM grows, however Fitch notes credit profile uncertainty due to Worri Financial's possible acquisition.

seoul-guarantee-insurance-reduces-valuation-by-40-for-ipo-relaunch

Seoul Guarantee Insurance lowers IPO valuation by 40% in planned relaunch

January 27 2025

The offering aims to recover state funds injected during the Asian financial crisis.

2025 Regulatory Road Map: Japan insurers get ready for RBC

January 23 2025

After Japan goes live India, Vietnam, and Brunei will the only states in Asia Pac operating under a Solvency 1 regime

South Korea to ease bancassurance 25% rule: Report

January 22 2025

Regulator is looking to improve consumer choice and boost market compeition.

Korea Development Bank gains approval to integrate KDB Life as subsidiary: Report

January 21 2025

Move expected to result in new sale attempt after years of divestment challenges.

Korean insurers' Q4 profits expected to fall: Report

January 21 2025

Industry could see worst quarterly results since the implementation of IFRS 17.

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25 September