Country: South Korea Page 19 / 25
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- May 29 2017
Anbang to invest US$2.67bn more in two Korean insurers
The Korean insurer is considering additional investments in Tongyang and Allianz ahead of tightened regulations.
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- May 24 2017
Korean insurers’ profit climbs on dividend income
The country's insurers' posted a 24.4% on-year combined net profit rise in the first three months of the year.
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- May 19 2017
Korea urges firms to calculate contract liabilities from 2021
The Financial Services Commission said the new rule would encourage insurers to better cope with the IFRS 17.
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- May 9 2017
Samsung Fire & Marine buys 20% of Vietnamese insurer
The Korean insurer will buy the stake in PJICO from Vietnam’s largest petrol dealer for US$23.4m.
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- May 8 2017
Korea approves Mirae’s acquisition of PCA Life
After the acquisition Mirae will become the country’s fifth-largest life insurer based on asset size.
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- April 26 2017
Korean life insurers face IFRS 17 challenge
However, its implementation will promote structural improvement and value creation over time.
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- April 25 2017
Korea’s ING Life raises US$974m
The country’s fifth-largest life insurer priced its IPO near the lower end of its indicative range.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
