Finance & Economy Archives | Page 2 of 218 | Be Korea-savvy

Archive by category Finance & Economy

General Insurance Firms Struggle to Survive

General Insurance Firms Struggle to Survive

SEOUL, Jan. 29 (Korea Bizwire) — South Korean general insurance companies are suffering from slowing growth and losses. The Korea Insurance Development Institute reported that total premium income among local general insurance companies in 2018 was 89.8 trillion won ($76.1 billion), up by only 3.4 percent from the previous year. The growth rate of the [...]

Controversy Sparks After Insurance Bill Says Pets Equivalent to Humans

Controversy Sparks After Insurance Bill Says Pets Equivalent to Humans

SEOUL, Jan. 28 (Korea Bizwire) — A bill has recently been proposed to consider pet insurance as equivalent to human insurance plans, raising new controversies as to how pets are to be identified in insurance programs. The bill, proposed by Rep. Kim Byung-wook of the ruling Democratic Party, intends to consider pet insurance plans as [...]

Sharp Decline in Research Reports Released by Securities Firms

Sharp Decline in Research Reports Released by Securities Firms

SEOUL, Jan. 23 (Korea Bizwire) — Research reports published by securities firms are decreasing in line with changes in the business environment in the securities industry. The number of research reports published by securities firms based on financial information provider FnGuide’s tally dropped from a high of 95,215 in 2013 to 76,694 in 2018. In [...]

Alzheimer’s Insurance Increasingly Popular Among S. Koreans

Alzheimer’s Insurance Increasingly Popular Among S. Koreans

SEOUL, Jan. 16 (Korea Bizwire) — Insurance plans for Alzheimer’s disease have jumped in sales after the illness gained public interest in recent months. The Korea Credit Information Services reported on Wednesday that the number of applications for Alzheimer’s insurance plans reached 1.3 million early last year, up threefold since the second half of the [...]

Investors Park More Money in Overseas Funds in Search of High Returns

Investors Park More Money in Overseas Funds in Search of High Returns

SEOUL, Jan. 14 (Korea Bizwire) — South Korea’s overseas investment funds almost doubled in terms of net asset value to account for nearly 30 percent of the country’s investment funds last year, as investors bet on higher yields outside the bearish domestic market, data showed Tuesday. According to the data by the Korea Financial Investment [...]

S. Korean Wealth Creators Accumulate 1.57 bln Won Until Retirement

S. Korean Wealth Creators Accumulate 1.57 bln Won Until Retirement

SEOUL, Jan. 14 (Korea Bizwire) — South Korean wealth creators accumulate an average of 1.57 billion won (US$1.4 million) through savings and investment, a recent study revealed. Standard Chartered Bank Korea Ltd., the local unit of Britain-based banking giant Standard Chartered PLC., joinly conducted a survey of 1,000 wealth creators in Seoul and Busan. They [...]