SEOUL, SOUTH KOREA, Feb. 21 (Korea Bizwire) - Business interruption (BI) will be the top business risk in South Korea this year with companies increasingly concerned about more diverse and complex business interruption scenarios with rising costs, according to the eighth annual Allianz Risk Barometer. Published by Allianz Global Corporate & Specialty (AGCS), the 2019 [...]
TOKYO/SEOUL, Jul. 23 (Korea Bizwire) – Large shipping losses have declined by 38% globally over the past decade, according to Allianz Global Corporate & Specialty’s (AGCS) Safety & Shipping Review 2018, with this downward trend continuing in 2017. However, disparities remain as losses in Asia rose year-on-year with incidents in South China, Indochina, Indonesia and Philippine [...]
SEOUL, Oct. 11 (Korea Bizwire) — South Korea ranked 22nd in the per capita net financial assets among 53 major economies last year, a report said Wednesday. The average South Korean had 28,180 euros in financial assets including cash, bank deposits, stocks, insurance and pensions last year, according to a global wealth report by the [...]
SEOUL, Sept. 26 (Korea Bizwire) – South Koreans held an average of 27,371 euros (US$30,703) in financial assets, excluding liabilities, in 2015, placing the country 21st among 53 surveyed in the Allianz Global Wealth Report released on Monday that also noted their spiking debt. The sum in financial assets marks an increase of approximately 3,000 [...]