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New Life Insurance Regulations Give Foreign Companies an Edge

New Life Insurance Regulations Give Foreign Companies an Edge

SEOUL, Aug. 23 (Korea Bizwire) — A report released on August 22 ranking the fourteen major life insurance companies by risk-based capital ratios showed four of the top five places occupied by foreign companies. Samsung Life Insurance held down second place with a 331.8 risk-based capital ratio (RBC), followed closely by Lina Life Insurance with [...]

ING’s Korea Unit Sale Plan Hit by THAAD Row: Sources

ING’s Korea Unit Sale Plan Hit by THAAD Row: Sources

SEOUL, Dec. 9 (Korea Bizwire) – A local private equity fund which wholly owns ING Life has decided to push for the company’s initial public offering, ditching its bid to sell South Korea’s fifth-largest life insurer by assets, partly affected by the standoffs between Seoul and Beijing over the planned deployment of an advanced U.S. [...]