insurance agents Archives | Be Korea-savvy

Seoul Moves to Bar Fraud-Tainted Insurance Agents With New Screening Rules

SEOUL, Oct. 30 (Korea Bizwire) — South Korea’s financial authorities are moving to tighten oversight of insurance agents in an effort to curb their involvement in fraud, introducing measures that would mandate pre-screening and expand public disclosures of disciplinary records. The Financial Services Commission said Wednesday it discussed the reforms during a meeting of the Insurance [...]

Insurance Agents Biggest COVID-19 Relief Payout Beneficiaries

SEOUL, Sept. 27 (Korea Bizwire) — Insurance agents made up the biggest portion of workers who received emergency relief payouts from the government amid the new coronavirus pandemic, data showed Sunday. Of around 500,000 virus-hit workers and businesspeople who received the government’s relief money, about 87,000 of them were insurance agents, according to the data [...]