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Record Number of Exclusive Licenses for Insurance Products Given Out Last Year

Record Number of Exclusive Licenses for Insurance Products Given Out Last Year

SEOUL, Jan. 2 (Korea Bizwire) — Twice as many exclusive licenses for insurance products were handed out in 2017 compared to the year prior, a record breaking number. The surge in what are essentially insurance product patents was caused by two factors: the implementation of International Financial Reporting Standard 17 (IFRS17), and the government’s modification [...]